Werner Enterprises (WERN) is Downgraded by Wells Fargo to Market Perform

Werner Enterprises (WERN) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Werner Enterprises. Company shares were Reiterated by Cowen on Apr 21, 2016 to “Market Perform”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .Werner Enterprises was Downgraded by Stifel to ” Hold” on Apr 21, 2016. Werner Enterprises was Downgraded by Avondale to ” Mkt Perform” on Mar 14, 2016.

On the company’s financial health, Werner Enterprises reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.32. The company had revenue of $482.80 million for the quarter, compared to analysts expectations of $494.68 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Werner Enterprises opened for trading at $24.53 and hit $25.29 on the upside on Friday, eventually ending the session at $25.25, with a gain of 2.64% or 0.65 points. The heightened volatility saw the trading volume jump to 6,70,944 shares. Company has a market cap of $1,819 M.

In a different news, on Aug 4, 2015, Robert E Jr Synowicki (Exec VP-Driver Resources) sold 3,500 shares at $28.51 per share price. According to the SEC, on Feb 20, 2015, Gary L Werner (Chairman) sold 5,007 shares at $31.36 per share price. On Feb 20, 2015, Gregory L Werner (Vice Chairman & CEO) sold 5,053 shares at $31.37 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company also provides logistics services through its Value Added Services (VAS) division. The Company operates through two segments: Truckload Transportation Services (Truckload) and VAS. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Company’s VAS segment is a non-asset-based transportation and logistics provider. The Company has a fleet of approximately 7050 trucks of which approximately 6400 were company-operated and approximately 650 were owned and operated by independent contractors. Its VAS division operates approximately 55 intermodal drayage trucks.

Werner Enterprises

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