Werner Enterprises, Inc. (NASDAQ:WERN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 6, 2016
Zacks Investment Research has downgraded Werner Enterprises, Inc. (NASDAQ:WERN) to Sell in a statement released on Thursday October 06, 2016.
Having a price of $23.74, Werner Enterprises, Inc. (NASDAQ:WERN) traded 0.25% higher on the day. With the last stock price down -2.76% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. WERN has recorded a 50-day average of $23.41 and a two hundred day average of $24.50. Trade Volume was down over the average, with 482,973 shares of WERN changing hands under the typical 703,808
Recent Performance Chart
Werner Enterprises, Inc. has PE ratio of 16.08 with a one year low of $20.91 and a one year high of $28.80 and has a market capitalization of $0.
A total of 19 brokerages have issued a ratings update on Werner Enterprises, Inc.. One brokerage rating the company a strong buy, four brokerages rating the company a buy, eighteen brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $25.66.
General Company Details For Werner Enterprises, Inc. (NASDAQ:WERN)
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 operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS). The Company also provides logistics services through its VAS division. 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. VAS comprises operating units that provide non-trucking services to its customers, including truck brokerage, freight management, the intermodal unit and Werner Global Logistics international. The Company has a fleet of approximately 7,450 trucks, of which over 6,640 are Company-operated and over 810 are owned and operated by independent contractors. Its VAS division operates over 60 additional intermodal drayage trucks.
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