Investment analysts at Buckingham Research assumed coverage on shares of Werner Enterprises, Inc. (NASDAQ:WERN) in a research report issued on Monday. The brokerage set a “buy” rating and a $36.00 price target on the transportation company’s stock. Buckingham Research’s price objective indicates a potential upside of 16.88% from the stock’s current price.

Several other brokerages also recently weighed in on WERN. Morgan Stanley reiterated an “overweight” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Stephens upgraded Werner Enterprises from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $36.00 in a research report on Monday, August 14th. Deutsche Bank AG reiterated a “hold” rating and issued a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $30.83.

Werner Enterprises (NASDAQ WERN) opened at 30.80 on Monday. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $32.45. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 28.00 and a beta of 0.88. The company has a 50-day moving average of $29.88 and a 200-day moving average of $27.91.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm had revenue of $519.50 million during the quarter, compared to the consensus estimate of $521.63 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Werner Enterprises will post $1.23 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Buckingham Research Begins Coverage on Werner Enterprises, Inc. (WERN)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/08/21/buckingham-research-begins-coverage-on-werner-enterprises-inc-wern.html.

In other news, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $30.02, for a total transaction of $367,564.88. Following the transaction, the chief executive officer now directly owns 228,780 shares of the company’s stock, valued at $6,867,975.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jim S. Schelble sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $30.17, for a total value of $226,275.00. Following the transaction, the vice president now directly owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. Insiders have sold 39,994 shares of company stock worth $1,197,593 over the last three months. Insiders own 34.80% of the company’s stock.

A number of large investors have recently modified their holdings of WERN. J. Goldman & Company purchased a new stake in shares of Werner Enterprises during the third quarter valued at $6,426,000. Fisher Asset Management boosted its stake in shares of Werner Enterprises by 13.0% in the fourth quarter. Fisher Asset Management now owns 118,689 shares of the transportation company’s stock valued at $2,776,000 after buying an additional 13,627 shares during the last quarter. Shinko Asset Management Co. Ltd. boosted its stake in shares of Werner Enterprises by 13.0% in the fourth quarter. Shinko Asset Management Co. Ltd. now owns 118,689 shares of the transportation company’s stock valued at $2,776,000 after buying an additional 13,627 shares during the last quarter. Speece Thorson Capital Group Inc. boosted its stake in shares of Werner Enterprises by 53.8% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 467,506 shares of the transportation company’s stock valued at $10,935,000 after buying an additional 163,553 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Werner Enterprises by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 57,275 shares of the transportation company’s stock valued at $1,340,000 after buying an additional 748 shares during the last quarter. 64.34% of the stock is currently owned by institutional investors.

About Werner Enterprises

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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

Receive News & Ratings for Werner Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.