Werner Enterprises Receives Average Rating of “Hold” from Analysts (NASDAQ:WERN)
Shares of Werner Enterprises (NASDAQ:WERN) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, AR Network reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.21.
WERN has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Werner Enterprises in a research note on Tuesday, July 22nd. They now have a $29.00 price target on the stock, down previously from $30.00. Separately, analysts at Cowen and Company cut their price target on shares of Werner Enterprises from $27.00 to $25.00 in a research note on Tuesday, July 22nd. They now have a “market perform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Werner Enterprises from $25.00 to $26.00 in a research note on Tuesday, July 15th. They now have a “hold” rating on the stock.
Werner Enterprises (NASDAQ:WERN) opened at 24.73 on Monday. Werner Enterprises has a 52 week low of $22.61 and a 52 week high of $27.04. The stock has a 50-day moving average of $25.7 and a 200-day moving average of $25.80. The company has a market cap of $1.777 billion and a P/E ratio of 21.69.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $542.10 million for the quarter, compared to the consensus estimate of $524.14 million. During the same quarter last year, the company posted $0.35 earnings per share. Werner Enterprises’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Werner Enterprises will post $1.28 earnings per share for the current fiscal year.
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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