Werner Enterprises (NASDAQ:WERN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday, January 6th. The firm currently has a $44.00 target price on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.28% from the stock’s current price.
According to Zacks, “Werner Enterprises, Inc. is a premier transportation and logistics company. The company is engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; temperature-controlled. Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. “
Several other equities research analysts have also recently issued reports on the stock. UBS Group raised shares of Werner Enterprises from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $47.00 in a research note on Friday, January 5th. BidaskClub cut shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 5th. Credit Suisse Group decreased their price target on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Wells Fargo & Co raised their price target on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, Morgan Stanley raised their price target on shares of Werner Enterprises from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $36.00.
Shares of Werner Enterprises (WERN) traded down $0.20 during midday trading on Friday, reaching $39.90. 429,327 shares of the company were exchanged, compared to its average volume of 573,107. Werner Enterprises has a 12-month low of $24.20 and a 12-month high of $40.58. The firm has a market cap of $2,900.71, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The firm had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. During the same period in the prior year, the business earned $0.26 earnings per share. Werner Enterprises’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts predict that Werner Enterprises will post 1.24 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in WERN. Schwab Charles Investment Management Inc. lifted its holdings in shares of Werner Enterprises by 9.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 384,727 shares of the transportation company’s stock worth $11,292,000 after acquiring an additional 34,477 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Werner Enterprises by 79.3% during the 2nd quarter. SG Americas Securities LLC now owns 17,309 shares of the transportation company’s stock worth $508,000 after acquiring an additional 7,655 shares during the period. Legal & General Group Plc lifted its holdings in shares of Werner Enterprises by 19.4% during the 2nd quarter. Legal & General Group Plc now owns 36,643 shares of the transportation company’s stock worth $1,075,000 after acquiring an additional 5,950 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Werner Enterprises by 108.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 25,567 shares of the transportation company’s stock worth $750,000 after acquiring an additional 13,323 shares during the period. Finally, Prudential Financial Inc. raised its holdings in Werner Enterprises by 2.0% in the second quarter. Prudential Financial Inc. now owns 30,595 shares of the transportation company’s stock valued at $898,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 64.71% of the company’s stock.
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About Werner Enterprises
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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