Werner Enterprises (WERN) Upgraded to “Hold” by BidaskClub

Werner Enterprises (NASDAQ:WERN) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also issued reports on the stock. ValuEngine lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Morgan Stanley set a $48.00 price target on shares of Werner Enterprises and gave the stock a “buy” rating in a research note on Monday, October 22nd. Stifel Nicolaus set a $44.00 price target on shares of Werner Enterprises and gave the stock a “hold” rating in a research note on Friday, October 19th. Stephens set a $40.00 price target on shares of Werner Enterprises and gave the stock a “buy” rating in a research note on Friday, October 19th. Finally, Robert W. Baird cut their price target on shares of Werner Enterprises from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, October 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Werner Enterprises has a consensus rating of “Hold” and an average target price of $42.67.

Shares of NASDAQ:WERN opened at $33.44 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.41. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.08. Werner Enterprises has a 1 year low of $31.08 and a 1 year high of $43.95.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.06. The company had revenue of $629.70 million for the quarter, compared to analyst estimates of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. Analysts anticipate that Werner Enterprises will post 2.31 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings in Werner Enterprises by 60.8% in the first quarter. UBS Group AG now owns 15,093 shares of the transportation company’s stock valued at $551,000 after purchasing an additional 5,708 shares in the last quarter. Legal & General Group Plc boosted its holdings in Werner Enterprises by 9.4% in the first quarter. Legal & General Group Plc now owns 44,496 shares of the transportation company’s stock valued at $1,624,000 after purchasing an additional 3,840 shares in the last quarter. Royal Bank of Canada boosted its holdings in Werner Enterprises by 1,309.8% in the first quarter. Royal Bank of Canada now owns 42,944 shares of the transportation company’s stock valued at $1,567,000 after purchasing an additional 39,898 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Werner Enterprises by 6.9% in the first quarter. Principal Financial Group Inc. now owns 200,107 shares of the transportation company’s stock valued at $7,304,000 after purchasing an additional 12,853 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Werner Enterprises in the first quarter valued at approximately $2,581,000. Hedge funds and other institutional investors own 68.35% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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