In a report released yesterday, Bascome Majors from Susquehanna reiterated a Hold rating on Werner Enterprises (NASDAQ: WERN), with a price target of $42. The company’s shares closed yesterday at $37.15.
According to TipRanks.com, Majors is a 5-star analyst with an average return of 22.8% and a 87.7% success rate. Majors covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Landstar System Inc.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Werner Enterprises with a $38.50 average price target.
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The company has a one-year high of $43.95 and a one-year low of $28.55. Currently, Werner Enterprises has an average volume of 1M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WERN in relation to earlier this year.
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Werner Enterprises, Inc. engages in the provision of logistics services. It operates through the Truckload and Werner Logistics segments. The Truckload segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities.
