Werner Enterprises (NASDAQ:WERN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Other research analysts have also issued reports about the company. ValuEngine lowered Werner Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Robert W. Baird upped their price objective on Werner Enterprises from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. Zacks Investment Research reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Werner Enterprises in a report on Saturday, June 30th. Bank of America raised Werner Enterprises from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $41.00 to $44.00 in a report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. lowered Werner Enterprises from a “neutral” rating to an “underweight” rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $42.93.

Shares of NASDAQ WERN opened at $35.25 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08. Werner Enterprises has a one year low of $33.20 and a one year high of $43.95. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.10 and a beta of 1.00.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, July 23rd. The transportation company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. Werner Enterprises had a return on equity of 10.71% and a net margin of 10.09%. The firm had revenue of $619.13 million for the quarter, compared to analyst estimates of $599.20 million. During the same period in the prior year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. equities analysts forecast that Werner Enterprises will post 2.23 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP lifted its position in shares of Werner Enterprises by 139.9% during the 2nd quarter. First Trust Advisors LP now owns 110,445 shares of the transportation company’s stock worth $4,147,000 after buying an additional 64,409 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Werner Enterprises by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 327,643 shares of the transportation company’s stock worth $12,303,000 after buying an additional 15,095 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its position in shares of Werner Enterprises by 165.0% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock worth $17,387,000 after buying an additional 288,314 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Werner Enterprises by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,711 shares of the transportation company’s stock worth $16,286,000 after buying an additional 18,098 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Werner Enterprises by 41.8% during the 1st quarter. JPMorgan Chase & Co. now owns 71,203 shares of the transportation company’s stock worth $2,600,000 after buying an additional 20,987 shares during the last quarter. Institutional investors and hedge funds own 68.39% 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, 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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