BidaskClub Downgrades Werner Enterprises (WERN) to Sell

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

Several other equities analysts also recently commented on WERN. ValuEngine raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Zacks Investment Research downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. 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. Loop Capital assumed coverage on shares of Werner Enterprises in a research note on Monday, October 1st. They issued a “buy” rating and a $42.00 price target for the company. Finally, 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. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.13.

Shares of NASDAQ:WERN opened at $33.86 on Friday. The stock has a market cap of $2.37 billion, a PE ratio of 26.66, a PEG ratio of 0.99 and a beta of 1.08. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 0.04. Werner Enterprises has a 12 month low of $31.08 and a 12 month high of $43.95.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. The firm had revenue of $629.70 million during the quarter, compared to the consensus estimate of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts anticipate that Werner Enterprises will post 2.32 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Werner Enterprises by 5.1% in the third quarter. BlackRock Inc. now owns 5,796,864 shares of the transportation company’s stock worth $204,920,000 after purchasing an additional 280,522 shares during the period. Bank of New York Mellon Corp grew its holdings in Werner Enterprises by 62.6% in the third quarter. Bank of New York Mellon Corp now owns 4,852,515 shares of the transportation company’s stock worth $171,537,000 after purchasing an additional 1,868,490 shares during the period. Vanguard Group Inc. grew its holdings in Werner Enterprises by 5.0% in the third quarter. Vanguard Group Inc. now owns 4,130,911 shares of the transportation company’s stock worth $146,027,000 after purchasing an additional 198,519 shares during the period. AQR Capital Management LLC grew its holdings in Werner Enterprises by 7.8% in the third quarter. AQR Capital Management LLC now owns 1,078,522 shares of the transportation company’s stock worth $38,126,000 after purchasing an additional 78,271 shares during the period. Finally, Northern Trust Corp grew its holdings in Werner Enterprises by 12.5% in the second quarter. Northern Trust Corp now owns 799,941 shares of the transportation company’s stock worth $30,038,000 after purchasing an additional 88,619 shares during the period. 73.08% of the stock is owned by institutional investors.

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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