In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on Werner Enterprises (WERN), with a price target of $39.00. The company’s shares closed last Tuesday at $41.56, close to its 52-week high of $42.49.
According to TipRanks.com, Seidl is a 5-star analyst with an average return of 10.2% and a 61.7% success rate. Seidl covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Knight Transportation.
Currently, the analyst consensus on Werner Enterprises is a Moderate Buy with an average price target of $39.42, which is a -6.6% downside from current levels. In a report issued on April 17, Barclays also maintained a Hold rating on the stock with a $41.00 price target.
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Based on Werner Enterprises’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $622 million and net profit of $48.5 million. In comparison, last year the company earned revenue of $646 million and had a net profit of $54.56 million.
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Werner Enterprises, Inc. engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services 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. The Werner Logistics segment provides non-trucking services to customers such as truck brokerages which uses contracted carriers to complete customer shipments. The company was founded by Clarence L. Werner in 1956 and is headquartered in Omaha, NE.
