Werner Enterprises, Inc. (NASDAQ:WERN) has received an average rating of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $39.87.
Several brokerages recently issued reports on WERN. Deutsche Bank boosted their target price on shares of Werner Enterprises from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Stephens reiterated a “buy” rating and issued a $48.00 price target on shares of Werner Enterprises in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Saturday, January 6th. Finally, Cowen reiterated an “underperform” rating and issued a $36.00 price target (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday, January 30th.
Large investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its position in shares of Werner Enterprises by 29.4% during the third quarter. Prudential Financial Inc. now owns 39,595 shares of the transportation company’s stock worth $1,447,000 after acquiring an additional 9,000 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Werner Enterprises during the third quarter worth $657,000. Engineers Gate Manager LP bought a new position in shares of Werner Enterprises during the fourth quarter worth $2,768,000. 361 Capital LLC bought a new position in shares of Werner Enterprises during the third quarter worth $1,132,000. Finally, Cigna Investments Inc. New bought a new position in shares of Werner Enterprises during the fourth quarter worth $1,315,000. Hedge funds and other institutional investors own 65.69% of the company’s stock.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, January 29th. The transportation company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $567.37 million during the quarter, compared to analyst estimates of $554.58 million. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. analysts predict that Werner Enterprises will post 1.97 EPS for the current fiscal year.
About Werner Enterprises
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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