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.
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.
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