Werner Enterprises Receives a Hold from Stifel Nicolaus

By Austin Angelo

In a report issued on September 28, John Larkin from Stifel Nicolaus reiterated a Hold rating on Werner Enterprises (NASDAQ: WERN), with a price target of $36. The company’s shares closed on Friday at $36.55, close to its 52-week high of $36.60.

According to TipRanks.com, Larkin is a 5-star analyst with an average return of 10.5% and a 69.4% success rate. Larkin covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Air Transport Services.

Currently, the analyst consensus on Werner Enterprises is Moderate Buy and the average price target is $33.33, representing a -8.8% downside.

In a report issued on September 14, Robert W. Baird also reiterated a Hold rating on the stock with a $35 price target.

Based on Werner Enterprises’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $520 million and quarterly net profit of $23.22 million. In comparison, last year the company earned revenue of $499 million and had a net profit of $18.31 million.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Derek Leathers, the President & COO of WERN sold 12,756 shares for a total of $382,680.

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Werner Enterprises, Inc. engages in the provision of logistics services. Its activities include transportation of truckload shipments of general commodities in both interstate and intrastate commerce. The company operates through the Truckload and Werner Logistics segments.