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Deutsche Bank Sticks to Its Buy Rating for Werner Enterprises (WERN)

In a report issued on June 13, Amit Mehrotra from Deutsche Bank maintained a Buy rating on Werner Enterprises (WERNResearch Report). The company’s shares closed last Friday at $37.19, close to its 52-week low of $36.29.

According to TipRanks.com, Mehrotra is a 4-star analyst with an average return of 4.8% and a 49.0% success rate. Mehrotra covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Knight Transportation, and Old Dominion Freight.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Werner Enterprises with a $45.67 average price target.

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Based on Werner Enterprises’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $765 million and net profit of $53.75 million. In comparison, last year the company earned revenue of $616 million and had a net profit of $46.49 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.

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