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Financial institution of America Lowers Werner Enterprises (NASDAQ:WERN) Worth Goal to $40.00

ByEditorialTeam

Oct 5, 2022

Werner Enterprises (NASDAQ:WERNGet Score) had its goal worth reduce by analysis analysts at Financial institution of America from $43.00 to $40.00 in a analysis word issued to traders on Tuesday, The Fly stories. Financial institution of America‘s worth goal factors to a possible upside of three.20% from the corporate’s present worth.

Different equities analysts additionally not too long ago issued analysis stories in regards to the inventory. Barclays decreased their worth goal on shares of Werner Enterprises from $50.00 to $47.00 and set an “chubby” score for the corporate in a report on Tuesday, July twelfth. Wells Fargo & Firm boosted their worth goal on shares of Werner Enterprises from $38.00 to $43.00 and gave the corporate an “equal weight” score in a report on Friday, July fifteenth. JPMorgan Chase & Co. boosted their worth goal on shares of Werner Enterprises from $42.00 to $43.00 and gave the corporate a “impartial” score in a report on Tuesday, July twelfth. Cowen boosted their worth goal on shares of Werner Enterprises to $47.00 in a report on Tuesday, August ninth. Lastly, Citigroup boosted their worth goal on shares of Werner Enterprises from $41.00 to $44.00 in a report on Thursday, August 4th. One funding analyst has rated the inventory with a promote score, 5 have issued a maintain score and 6 have issued a purchase score to the corporate. In line with MarketBeat.com, the inventory at the moment has a mean score of “Maintain” and a consensus goal worth of $46.46.

Werner Enterprises Inventory Up 3.1 %

Shares of NASDAQ:WERN opened at $38.76 on Tuesday. The corporate has a present ratio of 1.64, a fast ratio of 1.61 and a debt-to-equity ratio of 0.33. The corporate has a fifty day easy transferring common of $40.91 and a 200 day easy transferring common of $40.18. The agency has a market cap of $2.46 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of two.13 and a beta of 0.84. Werner Enterprises has a 12-month low of $36.29 and a 12-month excessive of $48.79.

Werner Enterprises (NASDAQ:WERNGet Score) final issued its quarterly earnings outcomes on Wednesday, August third. The transportation firm reported $0.87 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $1.02 by ($0.15). The corporate had income of $836.28 million through the quarter, in comparison with the consensus estimate of $784.22 million. Werner Enterprises had a return on fairness of 18.66% and a internet margin of 8.69%. On common, equities analysis analysts anticipate that Werner Enterprises will put up 3.91 EPS for the present fiscal 12 months.

Insider Exercise

In different Werner Enterprises information, Director Carmen A. Tapio purchased 1,170 shares of the corporate’s inventory in a transaction dated Thursday, August eleventh. The shares had been purchased at a mean worth of $42.20 per share, for a complete transaction of $49,374.00. Following the acquisition, the director now straight owns 6,284 shares of the corporate’s inventory, valued at $265,184.80. The acquisition was disclosed in a submitting with the Securities & Trade Fee, which is out there at the SEC web site. 0.91% of the inventory is owned by company insiders.

Institutional Buyers Weigh In On Werner Enterprises

Various massive traders have not too long ago added to or lowered their stakes in WERN. State Avenue Corp raised its stake in Werner Enterprises by 10.7% through the fourth quarter. State Avenue Corp now owns 2,329,821 shares of the transportation firm’s inventory price $111,317,000 after buying a further 225,736 shares within the final quarter. Trade Traded Ideas LLC grew its holdings in shares of Werner Enterprises by 3.4% through the first quarter. Trade Traded Ideas LLC now owns 13,364 shares of the transportation firm’s inventory price $548,000 after buying a further 435 shares over the last quarter. Harbor Funding Advisory LLC grew its holdings in shares of Werner Enterprises by 57.5% through the second quarter. Harbor Funding Advisory LLC now owns 1,671 shares of the transportation firm’s inventory price $64,000 after buying a further 610 shares over the last quarter. Blueshift Asset Administration LLC grew its holdings in shares of Werner Enterprises by 141.8% through the first quarter. Blueshift Asset Administration LLC now owns 13,538 shares of the transportation firm’s inventory price $555,000 after buying a further 7,940 shares over the last quarter. Lastly, J2 Capital Administration Inc boosted its holdings in Werner Enterprises by 5.5% within the first quarter. J2 Capital Administration Inc now owns 6,555 shares of the transportation firm’s inventory valued at $269,000 after buying a further 340 shares over the last quarter. Institutional traders personal 86.50% of the corporate’s inventory.

About Werner Enterprises

(Get Score)

Werner Enterprises, Inc, a transportation and logistics firm, engages in transporting truckload shipments of basic commodities in interstate and intrastate commerce in america, Mexico, and internationally. It operates by way of Truckload Transportation Providers and Werner Logistics segments.

See Additionally

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]

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