Werner Enterprises (NASDAQ:WERN) Rating Lowered to Underperform at Credit Suisse Group

Werner Enterprises (NASDAQ:WERN) was downgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

WERN has been the topic of a number of other reports. Buckingham Research raised their price target on Werner Enterprises from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Morgan Stanley set a $36.00 price target on ArcBest and gave the stock a “hold” rating in a research note on Monday, July 8th. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Stephens set a $112.00 price target on Genesee & Wyoming and gave the stock a “hold” rating in a research note on Monday, July 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Werner Enterprises currently has an average rating of “Hold” and a consensus target price of $40.38.

WERN opened at $30.90 on Thursday. The firm’s fifty day moving average is $29.88. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.04. Werner Enterprises has a 52 week low of $27.27 and a 52 week high of $42.80. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.92 and a beta of 1.23.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Werner Enterprises had a return on equity of 14.56% and a net margin of 7.08%. The firm had revenue of $596.10 million for the quarter, compared to analyst estimates of $620.14 million. During the same period last year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Werner Enterprises will post 2.58 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc lifted its stake in shares of Werner Enterprises by 150.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 600 shares in the last quarter. Motco acquired a new position in shares of Werner Enterprises in the 1st quarter valued at about $33,000. PNC Financial Services Group Inc. lifted its stake in shares of Werner Enterprises by 81.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,262 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 567 shares in the last quarter. Zions Bancorporation N.A. acquired a new position in shares of Werner Enterprises in the 1st quarter valued at about $58,000. Finally, Advisor Group Inc. lifted its stake in shares of Werner Enterprises by 145.4% in the 4th quarter. Advisor Group Inc. now owns 2,123 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 1,258 shares in the last quarter. 66.76% of the stock is currently owned by institutional investors and hedge funds.

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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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