Werner Enterprises (NASDAQ:WERN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, March 14th.
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. “
WERN has been the subject of a number of other reports. Deutsche Bank boosted their price objective on Werner Enterprises from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Stephens restated a “buy” rating and issued a $48.00 price objective on shares of Werner Enterprises in a research report on Wednesday, January 10th. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Cowen restated an “underperform” rating and issued a $36.00 price objective (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday, January 30th. Finally, UBS upgraded Werner Enterprises from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $47.00 in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.07.
Werner Enterprises (WERN) opened at $38.15 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2,836.51, a P/E ratio of 13.67, a P/E/G ratio of 1.37 and a beta of 0.98. Werner Enterprises has a 12-month low of $24.20 and a 12-month high of $43.95.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $567.37 million during the quarter, compared to analysts’ expectations of $554.58 million. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. Werner Enterprises’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. equities analysts predict that Werner Enterprises will post 1.98 EPS for the current year.
Large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Werner Enterprises by 190.5% during the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after buying an additional 4,872 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Werner Enterprises by 7.2% during the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after buying an additional 451 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Werner Enterprises during the third quarter worth $203,000. State Board of Administration of Florida Retirement System boosted its stake in Werner Enterprises by 16.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 46,272 shares of the transportation company’s stock worth $1,691,000 after buying an additional 6,670 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Werner Enterprises during the third quarter worth $657,000. 65.69% of the stock is currently owned by hedge funds and other institutional investors.
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Werner Enterprises Company Profile
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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