Werner Enterprises (NASDAQ:WERN) Share Price May Be About to Change Direction; BofA Merrill Downgrades Them

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Werner Enterprises (NASDAQ:WERN) Receives a Downgrade

BofA Merrill has given Werner Enterprises (NASDAQ:WERN) shares a new “Underperform” rating in a note published on Wednesday morning. This was a ratings cut from the last “Neutral” rating.

From a total of 18 analysts covering Werner Enterprises Inc (NASDAQ:WERN) stock, 6 rate it a ”Buy”, 2 a “Sell”, and 14 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is $37 while the lowest target price is $24. The mean of all analyst targets is $30 with a 13.95% above today’s ($26.23) stock price. Werner Enterprises Inc was the topic of 11 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Cowen & Co maintained shares on October 21 with “Market Perform” rating. Barclays Capital maintained WERN stock in a recent report from October 5 with “Equal-Weight” rating.

Approximately 414,699 shares of stock traded hands. Werner Enterprises, Inc. (NASDAQ:WERN) has declined 0.55% since April 29, 2015 and is downtrending. It has underperformed by 0.35% the S&P500.

Werner Enterprises, Inc. is a transportation and logistics company. The company has a market cap of $1.96 billion. The Firm is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It has 15.85 P/E ratio. The Firm also provides logistics services through its Value Added Services division.

According to Zacks Investment Research, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico.” Get a free copy of the Zacks research report on Werner Enterprises, Inc. (WERN).

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