Werner Enterprises (NASDAQ:WERN)‘s stock had its “hold” rating reaffirmed by Zacks Investment Research in a note issued to investors on Saturday, January 13th. They currently have a $44.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 6.28% from the company’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. “
WERN has been the topic of several other reports. Stephens reissued a “buy” rating and issued a $48.00 target price on shares of Werner Enterprises in a report on Wednesday, January 10th. Bank of America lowered shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $35.00 to $33.00 in a report on Tuesday, October 10th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Wells Fargo & Co boosted their target price on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, UBS Group raised shares of Werner Enterprises from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $47.00 in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Werner Enterprises currently has an average rating of “Hold” and an average price target of $36.00.
Shares of Werner Enterprises (WERN) opened at $41.40 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.78 and a debt-to-equity ratio of 0.07. Werner Enterprises has a 12 month low of $24.20 and a 12 month high of $41.65. The firm has a market cap of $2,994.75, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97.
A number of institutional investors and hedge funds have recently bought and sold shares of WERN. Personal Capital Advisors Corp lifted its holdings in Werner Enterprises by 29.1% during the fourth quarter. Personal Capital Advisors Corp now owns 42,166 shares of the transportation company’s stock valued at $1,630,000 after purchasing an additional 9,495 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Werner Enterprises in the fourth quarter worth about $332,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Werner Enterprises by 2.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 413,155 shares of the transportation company’s stock worth $15,969,000 after buying an additional 11,349 shares in the last quarter. Optimum Investment Advisors purchased a new stake in shares of Werner Enterprises in the third quarter worth about $428,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Werner Enterprises in the third quarter worth about $2,932,000. Institutional investors own 64.56% 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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