TipRanksStock Market NewsWERN NewsStifel Nicolaus Reaffirms Their Buy Rating on Werner Enterprises (WERN)

Stifel Nicolaus Reaffirms Their Buy Rating on Werner Enterprises (WERN)

Stifel Nicolaus analyst Bert Subin maintained a Buy rating on Werner Enterprises (WERNResearch Report) on August 5 and set a price target of $55.00. The company’s shares closed yesterday at $42.04.

Subin covers the Industrial Goods sector, focusing on stocks such as Covenant Logistics Group, Jacobs Engineering, and Knight Transportation. According to TipRanks, Subin has an average return of 5.2% and a 60.00% success rate on recommended stocks.

Werner Enterprises has an analyst consensus of Moderate Buy, with a price target consensus of $45.70, implying an 8.71% upside from current levels. In a report released on August 4, Cowen & Co. also reiterated a Buy rating on the stock with a $47.00 price target.

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WERN market cap is currently $2.75B and has a P/E ratio of 10.49.

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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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