Cowen & Co. Remains a Hold on Werner Enterprises (WERN)
Cowen & Co. analyst Jason Seidl maintained a Hold rating on Werner Enterprises (WERN) yesterday and set a price target of $36. The company’s shares closed yesterday at $31.15.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.9% and a 72.0% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
Currently, the analyst consensus on Werner Enterprises is a Hold with an average price target of $34.50.
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Based on Werner Enterprises’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $36.09 million. In comparison, last year the company had a net profit of $38.26 million.
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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.