Werner Enterprises (WERN) Upgraded by Zacks Investment Research to Buy

Werner Enterprises (NASDAQ:WERN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm currently has a $36.00 target price on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 15.94% from the company’s previous close.

According to Zacks, “Werner Enterprises, Inc. is a premier transportation and logistics company. The company is engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; temperature-controlled. Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. “

Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Stephens set a $40.00 price objective on Werner Enterprises and gave the company a “buy” rating in a research note on Friday, October 19th. ValuEngine raised Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. UBS Group lowered Werner Enterprises from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $36.00 in a report on Tuesday. Finally, Wolfe Research lowered Werner Enterprises from a “market perform” rating to a “sell” rating in a report on Friday, October 5th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Werner Enterprises has an average rating of “Hold” and a consensus target price of $41.33.

NASDAQ WERN traded down $1.37 on Friday, reaching $31.05. The stock had a trading volume of 653,525 shares, compared to its average volume of 589,909. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. Werner Enterprises has a 12-month low of $30.91 and a 12-month high of $43.95. The stock has a market cap of $2.31 billion, a P/E ratio of 24.45, a P/E/G ratio of 0.97 and a beta of 1.08.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06. Werner Enterprises had a return on equity of 12.34% and a net margin of 10.71%. The company had revenue of $629.70 million during the quarter, compared to analysts’ expectations of $628.71 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, research analysts predict that Werner Enterprises will post 2.32 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Honkamp Krueger Financial Services Inc. acquired a new position in Werner Enterprises during the third quarter worth $106,000. Tower Research Capital LLC TRC grew its holdings in Werner Enterprises by 1,116.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the transportation company’s stock worth $140,000 after acquiring an additional 3,616 shares during the period. Commonwealth Bank of Australia acquired a new position in Werner Enterprises during the third quarter worth $162,000. Atria Investments LLC acquired a new position in Werner Enterprises during the third quarter worth $224,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Werner Enterprises during the third quarter worth $249,000. 72.93% of the stock is currently owned by hedge funds and other 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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