BidaskClub Upgrades Werner Enterprises (WERN) to Hold

Werner Enterprises (NASDAQ:WERN) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other equities research analysts have also commented on the company. ValuEngine raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, March 11th. Zacks Investment Research raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. Seaport Global Securities reissued a “neutral” rating on shares of Werner Enterprises in a research note on Thursday, February 7th. Finally, UBS Group lowered Werner Enterprises from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $36.00 in a research note on Tuesday, December 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.21.

NASDAQ WERN opened at $34.42 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.44 and a current ratio of 1.47. Werner Enterprises has a 12-month low of $28.67 and a 12-month high of $42.80. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Wednesday, February 6th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.07. The company had revenue of $646.40 million for the quarter, compared to analysts’ expectations of $649.70 million. Werner Enterprises had a return on equity of 14.00% and a net margin of 6.84%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities research analysts forecast that Werner Enterprises will post 2.61 EPS for the current year.

A number of hedge funds have recently bought and sold shares of WERN. Bank of New York Mellon Corp lifted its stake in Werner Enterprises by 62.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,852,515 shares of the transportation company’s stock valued at $171,537,000 after buying an additional 1,868,490 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Werner Enterprises by 819.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 554,694 shares of the transportation company’s stock valued at $19,609,000 after buying an additional 494,387 shares in the last quarter. Norges Bank purchased a new stake in Werner Enterprises in the 4th quarter valued at approximately $14,090,000. Investment Counselors of Maryland LLC purchased a new stake in Werner Enterprises in the 4th quarter valued at approximately $12,824,000. Finally, South Texas Money Management Ltd. lifted its stake in Werner Enterprises by 157.5% in the 3rd quarter. South Texas Money Management Ltd. now owns 672,577 shares of the transportation company’s stock valued at $23,776,000 after buying an additional 411,409 shares in the last quarter. 67.56% of the stock is currently owned by hedge funds and other institutional investors.

About Werner Enterprises

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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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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