Investment analysts at Wells Fargo & Company assumed coverage on shares of Werner Enterprises (NASDAQ:WERN) in a research note issued on Wednesday, The Fly reports. The brokerage set an "equal weight" rating on the transportation company's stock.
A number of other brokerages also recently issued reports on WERN. Deutsche Bank increased their price target on shares of Werner Enterprises from $47.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Citigroup lifted their price target on shares of Werner Enterprises from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. BidaskClub raised Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, September 16th. Cowen raised their price objective on Werner Enterprises from $39.00 to $48.00 and gave the company a "market perform" rating in a research note on Thursday, July 30th. Finally, Zacks Investment Research raised Werner Enterprises from a "hold" rating to a "buy" rating and set a $46.00 price objective for the company in a report on Saturday, July 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus target price of $45.27.
WERN traded up $0.33 during trading on Wednesday, reaching $42.50. The company's stock had a trading volume of 858,544 shares, compared to its average volume of 927,808. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 1.73. The company's fifty day moving average price is $44.98 and its 200-day moving average price is $41.28. Werner Enterprises has a 52-week low of $28.99 and a 52-week high of $47.43. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.28 and a beta of 0.78.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.40 by $0.22. Werner Enterprises had a return on equity of 14.22% and a net margin of 6.23%. The business had revenue of $568.96 million during the quarter, compared to analysts' expectations of $561.70 million. During the same period last year, the firm earned $0.63 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. Equities analysts predict that Werner Enterprises will post 2.35 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Vanguard Group Inc. increased its position in Werner Enterprises by 30.5% during the second quarter. Vanguard Group Inc. now owns 5,565,668 shares of the transportation company's stock worth $242,273,000 after purchasing an additional 1,301,513 shares during the last quarter. Victory Capital Management Inc. grew its stake in Werner Enterprises by 1.0% during the first quarter. Victory Capital Management Inc. now owns 3,059,865 shares of the transportation company's stock worth $110,951,000 after buying an additional 28,840 shares during the period. State Street Corp increased its position in shares of Werner Enterprises by 0.3% in the first quarter. State Street Corp now owns 1,590,796 shares of the transportation company's stock worth $57,682,000 after acquiring an additional 4,699 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Werner Enterprises by 21.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,415,489 shares of the transportation company's stock valued at $60,788,000 after acquiring an additional 252,295 shares during the period. Finally, Investment Counselors of Maryland LLC raised its stake in shares of Werner Enterprises by 1.1% in the 1st quarter. Investment Counselors of Maryland LLC now owns 722,422 shares of the transportation company's stock valued at $26,195,000 after acquiring an additional 7,987 shares during the period. 81.20% of the stock is currently owned by institutional investors and hedge funds.
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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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7 Valuable China Stocks That May Get Delisted
As if investors didn’t have enough to think about in 2020, tensions between the United States and China are continuing to flare up. One of the issues, of course, is the “what did they know and when did they know it” events surrounding the novel coronavirus. There are also issues surrounding global supply chains and the fate of 5G networking.
But another issue that should be drawing the concern of investors is the threat of Chinese stocks being delisted from American exchanges. On Friday, June 26 Luckin Coffee was delisted from the NASDAQ. The company had been in hot water since reports early this year that it had credited itself with thousands of phantom sales.
But that isn’t the reason for the delisting. The reality is that Chinese companies don’t abide by the same agreed upon accounting standards as American companies. And that can make it harder for investors to get an accurate picture of what is going on with their business at a given moment.
However, like most issues between the two countries, it’s not as simple as that. There are Chinese companies that are considering voluntarily and unilaterally removing themselves from American exchanges and list on the Hong Kong or Shanghai exchanges.
While neither of these moves would mean that U.S. investors would be prohibited from trading these stocks, it could make it more difficult.
U.S. relations with China will be an issue during this election year, and likely beyond. It would be well worth your time and attention to pay careful attention to your current or planned exposure to these China stocks.
View the "7 Valuable China Stocks That May Get Delisted".