Werner Enterprises (NASDAQ:WERN) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

WERN has been the subject of a number of other research reports. Credit Suisse Group cut their target price on shares of Werner Enterprises from $29.00 to $28.00 and set an underperform rating for the company in a research report on Friday, July 26th. Buckingham Research increased their target price on shares of Werner Enterprises from $42.00 to $43.00 and gave the stock a buy rating in a research report on Monday, April 29th. Stephens initiated coverage on shares of Werner Enterprises in a report on Monday, July 1st. They set a buy rating on the stock. Morgan Stanley cut their price target on shares of Werner Enterprises from $42.00 to $41.00 and set an overweight rating on the stock in a report on Friday, July 26th. Finally, Cowen restated a market perform rating and set a $36.00 price target (up previously from $35.00) on shares of Werner Enterprises in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $38.55.

WERN stock opened at $31.46 on Tuesday. Werner Enterprises has a 12-month low of $27.27 and a 12-month high of $40.80. The company has a quick ratio of 1.94, a current ratio of 1.98 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.50 and a beta of 1.22. The company has a 50 day moving average of $31.73 and a two-hundred day moving average of $32.70.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, July 25th. The transportation company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Werner Enterprises had a return on equity of 15.11% and a net margin of 7.26%. The company had revenue of $627.53 million during the quarter, compared to analysts’ expectations of $634.67 million. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts anticipate that Werner Enterprises will post 2.45 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Werner Enterprises by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,276,525 shares of the transportation company’s stock valued at $155,871,000 after purchasing an additional 81,429 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new position in Werner Enterprises in the 2nd quarter valued at $5,957,000. Group One Trading L.P. acquired a new position in Werner Enterprises in the 1st quarter valued at $190,000. Fiduciary Trust Co. acquired a new position in Werner Enterprises in the 1st quarter valued at $1,392,000. Finally, South Texas Money Management Ltd. grew its stake in Werner Enterprises by 11.0% in the 1st quarter. South Texas Money Management Ltd. now owns 931,917 shares of the transportation company’s stock valued at $31,825,000 after buying an additional 92,654 shares during the last quarter. Institutional investors and hedge funds own 67.13% 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, 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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