Werner Enterprises (NASDAQ:WERN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday, September 11th.
Several other equities research analysts have also recently weighed in on WERN. Zacks Investment Research reissued a “buy” rating and set a $45.00 price target on shares of Werner Enterprises in a research report on Saturday, June 30th. ValuEngine raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Bank of America raised shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and increased their price target for the company from $41.00 to $44.00 in a research report on Tuesday, July 24th. Citigroup raised their target price on shares of Werner Enterprises from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. cut shares of Werner Enterprises from a “neutral” rating to an “underweight” rating and set a $35.00 target price for the company. in a research report on Wednesday, July 11th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.60.
Shares of WERN stock traded down $0.93 on Tuesday, hitting $34.15. 1,617,676 shares of the company’s stock traded hands, compared to its average volume of 985,914. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.81. Werner Enterprises has a one year low of $33.20 and a one year high of $43.95. The firm has a market cap of $2.53 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.09 and a beta of 1.01.
Werner Enterprises (NASDAQ:WERN) last released its earnings results on Monday, July 23rd. The transportation company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The company had revenue of $619.13 million for the quarter, compared to analyst estimates of $599.20 million. Werner Enterprises had a net margin of 10.09% and a return on equity of 10.71%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. As a group, analysts forecast that Werner Enterprises will post 2.24 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in WERN. Pinnacle Associates Ltd. bought a new stake in Werner Enterprises during the 2nd quarter valued at about $21,903,000. OppenheimerFunds Inc. increased its stake in Werner Enterprises by 3,308.7% during the 1st quarter. OppenheimerFunds Inc. now owns 586,978 shares of the transportation company’s stock valued at $21,424,000 after purchasing an additional 569,758 shares in the last quarter. Voya Investment Management LLC increased its stake in Werner Enterprises by 2,183.1% during the 2nd quarter. Voya Investment Management LLC now owns 455,850 shares of the transportation company’s stock valued at $17,117,000 after purchasing an additional 435,884 shares in the last quarter. American Century Companies Inc. bought a new stake in Werner Enterprises during the 1st quarter valued at about $11,408,000. Finally, Intrinsic Edge Capital Management LLC increased its stake in Werner Enterprises by 165.0% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock valued at $17,387,000 after purchasing an additional 288,314 shares in the last quarter. Institutional investors and hedge funds own 68.40% of the company’s stock.
About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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