Werner Enterprises, Inc. (WERN): Temporary Roadblocks Mean Patience Is Necessary

The stock of Werner Enterprises, Inc. (NASDAQ:WERN) has been Upgraded to Buy from Neutral by Citigroup in its latest research note that was published on September 03. WERN was given a price target of $40 by Citigroup, with other Wall Street analysts also giving their reports regarding the stock. Credit Suisse analysts have downgraded their rating of WERN stock from Neutral to Underperform in a separate flash note to investors on July 11. Analysts at Cowen are sticking to their Market Perform recommendation. However, on April 26, they lifted target price for these shares to $36 from $35.Analysts at Cowen, made their first call for the stock with a Market Perform rating, according to a research note that dated back to April 26.

Werner Enterprises, Inc., which has current market capitalization of above $2 Billion, published its last quarter earnings on June 30, 2019.

WERN surged by $0.54 during the normal trading session on Thursday and reaching a high of $33.61 during the day while it closed the day at $33.13. The Werner stock had a low trading volume of 0.84 million shares on that day, which is low compared to the average daily volume of 617.84M shares. WERN has also gained 5.85% of its value over the past 7 days. However, the stock has surged by 13.30% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.63% while it has added 26.02% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -2.39% from its 3 months high price. However, taking another look at WERN will indicate that it is trading +16.08% away from its 90-day low. Looking at the bigger picture, the Werner Enterprises, Inc. stock has dropped by -18.8% from its 52-week high while it has surged by +21.49% from its 52-week low price.

Werner has around 46 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $229 Billion. The Werner stock is bringing in revenue of over 12 months, which is roughly 252 Billion. Despite all that, Werner Enterprises, Inc. is seeing things declining very much as their y-o-y quarterly revenue dropped by -4.25%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 84.51%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 84.66%. Over the past 20 days, Werner’s Stochastic %K stood at 87.06% while its Stochastic %D was revealed to be 88.73%.