Werner Enterprises (WERN) Stock Rating Lowered by BidaskClub

Werner Enterprises (NASDAQ:WERN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

WERN has been the subject of a number of other research reports. Stephens restated a “buy” rating and set a $48.00 price objective on shares of Werner Enterprises in a research report on Wednesday, January 10th. Morgan Stanley upped their price objective on shares of Werner Enterprises from $37.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Saturday, January 6th. Bank of America upped their price objective on shares of Werner Enterprises from $36.00 to $41.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 30th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Werner Enterprises in a research report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Werner Enterprises presently has a consensus rating of “Hold” and a consensus target price of $39.13.

Shares of Werner Enterprises (WERN) opened at $38.55 on Tuesday. Werner Enterprises has a 12-month low of $24.20 and a 12-month high of $43.95. The company has a market cap of $2,790.00, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.72 and a quick ratio of 1.67.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Monday, January 29th. The transportation company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The firm had revenue of $567.37 million during the quarter, compared to the consensus estimate of $554.58 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Werner Enterprises’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts forecast that Werner Enterprises will post 1.97 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Werner Enterprises by 8.5% in the 4th quarter. BlackRock Inc. now owns 5,222,363 shares of the transportation company’s stock valued at $201,843,000 after purchasing an additional 408,612 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Werner Enterprises by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,663,764 shares of the transportation company’s stock valued at $107,531,000 after purchasing an additional 19,431 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Werner Enterprises by 19.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,178,748 shares of the transportation company’s stock valued at $84,209,000 after purchasing an additional 351,852 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Werner Enterprises by 13.6% in the 4th quarter. Alliancebernstein L.P. now owns 2,061,228 shares of the transportation company’s stock valued at $79,666,000 after purchasing an additional 247,353 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Werner Enterprises by 1.5% in the 2nd quarter. State Street Corp now owns 1,644,663 shares of the transportation company’s stock valued at $48,274,000 after purchasing an additional 23,936 shares in the last quarter. Institutional investors and hedge funds own 65.55% 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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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