Werner Enterprises (NASDAQ:WERN) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group lowered their price target on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. JPMorgan Chase & Co. lifted their price target on shares of Werner Enterprises from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley lifted their price objective on shares of Werner Enterprises from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Finally, Cowen lowered shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research note on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $34.07.

Shares of Werner Enterprises (WERN) traded down $0.20 during trading hours on Friday, hitting $38.25. 1,011,752 shares of the stock traded hands, compared to its average volume of 766,100. Werner Enterprises has a 12 month low of $24.20 and a 12 month high of $39.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78. The firm has a market cap of $2,806.68, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The business had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Werner Enterprises will post 1.23 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in Werner Enterprises by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock valued at $197,000 after buying an additional 451 shares in the last quarter. ING Groep NV bought a new position in Werner Enterprises in the third quarter valued at approximately $201,000. Crossmark Global Holdings Inc. bought a new position in Werner Enterprises in the third quarter valued at approximately $203,000. Royal Bank of Canada lifted its stake in Werner Enterprises by 190.5% in the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after buying an additional 4,872 shares in the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Werner Enterprises in the third quarter valued at approximately $233,000. 64.71% of the stock is currently owned by institutional investors and hedge funds.

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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)

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