Werner Enterprises (NASDAQ:WERN) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Werner Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group lowered their target price on Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Morgan Stanley upped their target price on Werner Enterprises from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. UBS Group upgraded Werner Enterprises from a “neutral” rating to a “buy” rating and upped their target price for the stock from $37.00 to $47.00 in a report on Friday, January 5th. Finally, Cowen cut Werner Enterprises from a “market perform” rating to an “underperform” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Werner Enterprises currently has a consensus rating of “Hold” and an average price target of $39.13.
Shares of Werner Enterprises (NASDAQ:WERN) opened at $36.20 on Tuesday. Werner Enterprises has a 1-year low of $24.20 and a 1-year high of $43.95. The firm has a market capitalization of $2,620.00, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.72 and a quick ratio of 1.67.
Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. The business had revenue of $567.37 million during the quarter, compared to analysts’ expectations of $554.58 million. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. sell-side analysts predict that Werner Enterprises will post 1.97 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of WERN. BlackRock Inc. lifted its stake in shares of Werner Enterprises by 8.5% during the 4th quarter. BlackRock Inc. now owns 5,222,363 shares of the transportation company’s stock worth $201,843,000 after purchasing an additional 408,612 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Werner Enterprises during the 3rd quarter worth $13,171,000. UBS Asset Management Americas Inc. lifted its stake in shares of Werner Enterprises by 1,266.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 386,990 shares of the transportation company’s stock worth $14,957,000 after purchasing an additional 358,671 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Werner Enterprises by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,178,748 shares of the transportation company’s stock worth $84,209,000 after purchasing an additional 351,852 shares during the last quarter. Finally, 1060 Capital LLC purchased a new stake in shares of Werner Enterprises during the 3rd quarter worth $8,588,000. Hedge funds and other institutional investors own 65.55% 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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