The stock of Werner Enterprises, Inc. (NASDAQ:WERN) last traded at $35.77, up 0.87% from the previous session.
WERN stock price is now -1.82% away from the 50-day moving average and -7.60% away from the 200-day moving average. The market capitalization of the company currently stands at $2.27B.
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With the price target of $38, Wells Fargo recently initiated with Underweight rating for Werner Enterprises, Inc. (NASDAQ: WERN). On May 01, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $42 to quote $38, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, WELLMAN ALEXI, Director bought 100 shares of the company’s stock on Mar 06 ’24. The stock was bought for $3,800 at an average price of $38.00. Upon completion of the transaction, the Director now directly owns 6,493 shares in the company, valued at $0.23 million. A total of 4.44% of the company’s stock is owned by insiders.
During the past 12 months, Werner Enterprises, Inc. has had a low of $33.12 and a high of $47.27. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.90, and a quick ratio of 1.85. According to the stock market information, the enterprise value for the company is $2880032000, which is based on a 27.31 price-to-earnings ratio, a 3.03 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for WERN is $36.4102 and a two-hundred day moving average price translates $38.6898 for the stock.
The latest earnings results from Werner Enterprises, Inc. (NASDAQ: WERN) was released for 2024-03-31. The net profit margin was 2.59% and return on equity was 5.59% for WERN. The company reported revenue of $769.08 million for the quarter, compared to $832.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.64 percent.
