Werner Enterprises (WERN) Stock Rating Lowered by Zacks Investment Research

Werner Enterprises (NASDAQ:WERN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.

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. “

WERN has been the subject of several other reports. BidaskClub raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Loop Capital started coverage on shares of Werner Enterprises in a research note on Monday, October 1st. They set a “buy” rating and a $42.00 target price for the company. ValuEngine lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Morgan Stanley set a $48.00 target price on shares of Werner Enterprises and gave the company a “buy” rating in a research note on Monday, October 22nd. Finally, Stifel Nicolaus set a $44.00 price target on shares of Werner Enterprises and gave the company a “hold” rating in a research report on Friday, October 19th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.33.

WERN stock opened at $33.10 on Friday. Werner Enterprises has a 12 month low of $28.67 and a 12 month high of $43.95. The company has a market cap of $2.36 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. 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 (NASDAQ:WERN) last released its earnings results on Thursday, October 18th. The transportation company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The business had revenue of $629.70 million during the quarter, compared to analyst estimates of $628.71 million. During the same period in the prior year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 19.1% on a year-over-year basis. Equities analysts predict that Werner Enterprises will post 2.33 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of WERN. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Werner Enterprises in the 3rd quarter valued at approximately $106,000. Tower Research Capital LLC TRC increased its stake in Werner Enterprises by 1,116.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the transportation company’s stock valued at $140,000 after buying an additional 3,616 shares during the period. Commonwealth Bank of Australia acquired a new position in Werner Enterprises in the 3rd quarter valued at approximately $162,000. Atria Investments LLC acquired a new position in Werner Enterprises in the 3rd quarter valued at approximately $224,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Werner Enterprises in the 3rd quarter valued at approximately $249,000. Institutional investors and hedge funds own 72.93% 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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