Werner Enterprises (WERN) is Reiterated by Cowen to Market Perform, Raises Price Target to $ 24

Werner Enterprises (WERN) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $23 . Cowen advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Werner Enterprises. Shares were Reiterated by RBC Capital Mkts on Jun 21, 2016 to “Outperform” and Lowered the Price Target to $ 28 from a previous price target of $32 .Werner Enterprises was Downgraded by JP Morgan to ” Neutral” on Jun 21, 2016. Werner Enterprises was Downgraded by BofA/Merrill to ” Underperform” on Jun 21, 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 closed down -0.1 points or -0.41% at $24.02 with 4,15,758 shares getting traded on Wednesday. Post opening the session at $24.08, the shares hit an intraday low of $23.88 and an intraday high of $24.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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