BidaskClub Lowers Werner Enterprises (WERN) to Buy

Werner Enterprises (NASDAQ:WERN) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

WERN has been the topic of a number of other research reports. Wells Fargo & Co upped their price objective 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. Credit Suisse Group cut their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, December 26th. Stifel Nicolaus restated a “hold” rating and issued a $36.00 price objective on shares of Werner Enterprises in a report on Sunday, October 1st. Finally, Cowen cut shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $35.20.

Shares of Werner Enterprises (NASDAQ:WERN) opened at $38.25 on Friday. The firm has a market cap of $2,766.89, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97. 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 fifty-two week low of $24.20 and a fifty-two week high of $39.85.

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

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Werner Enterprises by 7.2% during 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 during the last quarter. ING Groep NV purchased a new stake in shares of Werner Enterprises during the third quarter valued at approximately $201,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Werner Enterprises during the third quarter valued at approximately $203,000. Royal Bank of Canada grew its holdings in shares of Werner Enterprises by 190.5% during 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 during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Werner Enterprises during the third quarter valued at approximately $233,000. Hedge funds and other institutional investors own 64.71% of the company’s stock.

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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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