Werner Enterprises (WERN) Upgraded at Zacks Investment Research

Werner Enterprises (NASDAQ:WERN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage currently has a $44.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 15.03% from the stock’s previous close.

According to Zacks, “Werner Enterprises, Inc. is a premier transportation and logistics company. The company is 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. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; temperature-controlled. Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. “

A number of other research analysts also recently commented on WERN. BidaskClub downgraded shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday. Barclays lifted their price objective on shares of Werner Enterprises from $25.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. UBS Group raised shares of Werner Enterprises from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Friday. Stifel Nicolaus reissued a “hold” rating and issued a $36.00 price objective on shares of Werner Enterprises in a research report on Sunday, October 1st. Finally, Bank of America downgraded shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $35.00 to $33.00 in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $35.20.

Shares of Werner Enterprises (NASDAQ WERN) traded down $0.20 on Friday, hitting $38.25. 1,010,000 shares of the stock were exchanged, compared to its average volume of 474,642. Werner Enterprises has a 52 week low of $24.20 and a 52 week high of $39.85. The company has a market cap of $2,781.36, a P/E ratio of 33.26, a PEG ratio of 1.69 and a beta of 0.97. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Werner Enterprises by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock worth $159,992,000 after buying an additional 194,294 shares during the last quarter. BlackRock Inc. raised its stake in Werner Enterprises by 2.6% in the 2nd quarter. BlackRock Inc. now owns 4,736,977 shares of the transportation company’s stock worth $139,031,000 after purchasing an additional 119,913 shares in the last quarter. Vanguard Group Inc. raised its stake in Werner Enterprises by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,663,764 shares of the transportation company’s stock worth $107,531,000 after purchasing an additional 19,431 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Werner Enterprises by 13.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock worth $106,910,000 after purchasing an additional 426,376 shares in the last quarter. Finally, Fairpointe Capital LLC raised its stake in Werner Enterprises by 1.3% in the 2nd quarter. Fairpointe Capital LLC now owns 3,220,554 shares of the transportation company’s stock worth $94,523,000 after purchasing an additional 42,343 shares in the last quarter. Institutional investors own 64.71% of the company’s stock.

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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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