SIG analyst Bascome Majors maintains $Werner Enterprises (WERN.US)$ with a sell rating, and adjusts the target price from $30 to $28.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 11.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Werner Enterprises (WERN.US)$'s main analysts recently are as follows:
The firm noted that Werner's Q3 results did not meet expectations primarily because of uncommon health and welfare costs coupled with increased interest expenses. Despite the less-than-expected performance, the fourth-quarter peak observations were more positive than anticipated, with management noting some strength in volume and a gradual enhancement in pricing.
Following a recent reassessment, it's been noted that dedicated margins are continuing to face challenges, and the TTS fleet has been significantly reduced to improve freight selection. It is anticipated that shares may be impacted by additional revisions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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