Werner Enterprises (WERN) Cut to Sell at BidaskClub

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

WERN has been the topic of several other research reports. Morgan Stanley boosted their target price on Werner Enterprises from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, July 24th. Citigroup boosted their target price on Werner Enterprises from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Credit Suisse Group boosted their target price on Werner Enterprises from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Buckingham Research cut their target price on Werner Enterprises from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. Finally, Cowen boosted their target price on Werner Enterprises from $35.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, July 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Werner Enterprises presently has a consensus rating of “Hold” and a consensus price target of $42.93.

NASDAQ WERN opened at $35.25 on Tuesday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.10 and a beta of 1.00. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08. Werner Enterprises has a 52 week low of $33.20 and a 52 week high of $43.95.

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 firm had revenue of $619.13 million for the quarter, compared to analysts’ expectations of $599.20 million. Werner Enterprises had a return on equity of 10.71% and a net margin of 10.09%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. equities analysts expect that Werner Enterprises will post 2.23 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB bought a new stake in shares of Werner Enterprises during the 2nd quarter worth approximately $230,000. Levin Capital Strategies L.P. acquired a new position in shares of Werner Enterprises during the 1st quarter worth approximately $292,000. Cambria Investment Management L.P. acquired a new position in shares of Werner Enterprises during the 1st quarter worth approximately $299,000. Green Square Capital LLC acquired a new position in shares of Werner Enterprises during the 2nd quarter worth approximately $304,000. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Werner Enterprises by 56.5% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 9,192 shares of the transportation company’s stock worth $336,000 after acquiring an additional 3,318 shares during the last quarter. Institutional investors own 68.39% of the company’s stock.

Werner Enterprises Company Profile

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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