Werner Enterprises Stock Rating Lowered by Bank of America (WERN)
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.
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