Werner Enterprises Upgraded to “Outperform” at Avondale Partners (WERN)
Werner Enterprises (NASDAQ:WERN) was upgraded by equities researchers at Avondale Partners from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $30.00 target price on the stock, up from their previous target price of $27.00. Avondale Partners’ target price would suggest a potential upside of 17.79% from the company’s current price. The analysts noted that the move was a valuation call.
WERN has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday. They now have a $26.00 price target on the stock, down previously from $27.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Werner Enterprises in a research note to investors on Monday, December 16th. They now have a $23.00 price target on the stock, up previously from $22.00. Finally, analysts at Zacks upgraded shares of Werner Enterprises from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a $24.30 price target on the stock. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.15.
Werner Enterprises (NASDAQ:WERN) traded up 2.51% on Tuesday, hitting $26.11. 1,184,136 shares of the company’s stock traded hands. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $1.893 billion.
Werner Enterprises, Inc is a transportation and logistics company engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce.
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