Schneider Expands Its Fleet: $390 Million Cowan Systems Deal Supercharges Dedicated Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
0mins
Source: Benzinga
Acquisition Announcement: Schneider National, Inc. has agreed to acquire Cowan Systems, LLC for approximately $390 million in cash, along with a separate purchase of real estate assets for $31 million, aiming to enhance its dedicated contract carriage services.
Financial Impact and Future Plans: The acquisition is expected to be earnings accretive within the first year and will integrate Cowan's operations into Schneider’s Truckload and Logistics segments, reinforcing its growth strategy in dedicated solutions.
Analyst Views on SNDR
Wall Street analysts forecast SNDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDR is 30.55 USD with a low forecast of 28.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 30.490
Low
28.00
Averages
30.55
High
36.00
Current: 30.490
Low
28.00
Averages
30.55
High
36.00
About SNDR
Schneider National, Inc. is a transportation and logistics services company. The Company and its subsidiaries provide multimodal surface transportation and logistics solutions in North America. The Company operates through three segments: Truckload, Intermodal and Logistics. The Truckload segments provide truckload services primarily focused on freight with consistent routes often based on long-term contracts, Van Network, which consists of irregular routes, and Bulk, which delivers key inputs for manufacturing processes, such as specialty chemicals. The Intermodal segment provides rail intermodal and drayage services to its customers. Company-owned containers, chassis, and dray tractors are used to provide these transportation services. In the Logistics segment, it provides additional sources of truck capacity, manages transportation-systems analysis requirements for individual customers, and provides transloading and warehousing services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
