Werner Enterprises (WERN) Upgraded by Zacks Investment Research to Buy

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Werner Enterprises (NASDAQ:WERN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The brokerage presently has a $36.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 15.94% from the company’s current price.

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. “

Several other analysts also recently issued reports on the company. BidaskClub raised Werner Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. ValuEngine raised Werner Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Loop Capital began coverage on Werner Enterprises in a report on Monday, October 1st. They issued a “buy” rating and a $42.00 price target on the stock. Wolfe Research downgraded Werner Enterprises from a “market perform” rating to a “sell” rating in a report on Friday, October 5th. Finally, Morgan Stanley set a $48.00 price target on Werner Enterprises and gave the stock a “buy” rating in a report on Monday, October 22nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $41.33.

NASDAQ WERN traded down $1.37 during mid-day trading on Friday, reaching $31.05. 653,525 shares of the company’s stock traded hands, compared to its average volume of 589,909. Werner Enterprises has a 1-year low of $30.91 and a 1-year high of $43.95. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.31 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 18th. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Werner Enterprises had a return on equity of 12.34% and a net margin of 10.71%. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $628.71 million. During the same quarter last year, the business posted $0.31 EPS. Werner Enterprises’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, analysts anticipate that Werner Enterprises will post 2.32 earnings per share for the current year.

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

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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