Werner Enterprises, Inc. (NASDAQ:WERN) Upgraded at Zacks Investment Research
Werner Enterprises, Inc. (NASDAQ:WERN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $35.00 price target on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 17.25% from the stock’s current price.
According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
Other research analysts have also issued reports about the company. TheStreet raised Werner Enterprises from a “c+” rating to a “b” rating in a report on Monday, June 19th. BidaskClub lowered Werner Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG reissued a “hold” rating and set a $25.00 target price (down from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Stifel Nicolaus reissued a “hold” rating and set a $29.00 target price (up from $26.00) on shares of Werner Enterprises in a report on Tuesday. Finally, Cowen and Company boosted their target price on Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $29.10.
Shares of Werner Enterprises (NASDAQ WERN) opened at 29.85 on Friday. Werner Enterprises has a 52-week low of $21.45 and a 52-week high of $32.45. The stock has a 50 day moving average price of $29.39 and a 200 day moving average price of $27.55. The company has a market capitalization of $2.16 billion, a PE ratio of 28.98 and a beta of 0.88.
Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. On average, analysts predict that Werner Enterprises will post $1.22 earnings per share for the current fiscal year.
In other news, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $29.50, for a total transaction of $221,073.00. Following the completion of the sale, the vice president now directly owns 55,300 shares in the company, valued at approximately $1,631,350. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 34.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its stake in Werner Enterprises by 9.3% in the second quarter. Great West Life Assurance Co. Can now owns 28,269 shares of the transportation company’s stock worth $828,000 after buying an additional 2,414 shares during the last quarter. Personal Capital Advisors Corp bought a new stake in Werner Enterprises during the second quarter worth $597,000. US Bancorp DE increased its stake in Werner Enterprises by 4.9% in the second quarter. US Bancorp DE now owns 14,262 shares of the transportation company’s stock worth $418,000 after buying an additional 663 shares during the last quarter. State Treasurer State of Michigan increased its stake in Werner Enterprises by 1.7% in the second quarter. State Treasurer State of Michigan now owns 18,475 shares of the transportation company’s stock worth $542,000 after buying an additional 300 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Werner Enterprises by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the transportation company’s stock worth $343,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 66.38% of the company’s stock.
Werner Enterprises Company Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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