Share on StockTwits

Werner Enterprises (NASDAQ:WERN) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Monday.

Several other analysts have also recently commented on the stock. 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.67.

Werner Enterprises (NASDAQ:WERN) opened at 24.61 on Monday. Werner Enterprises has a 1-year low of $22.61 and a 1-year high of $27.04. The stock has a 50-day moving average of $25.57 and a 200-day moving average of $25.75. The company has a market cap of $1.768 billion and a P/E ratio of 21.59.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post $1.27 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.