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Werner Upgrade: Analyst Goes Against Consensus Traffic (NASDAQ:WERN)
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Werner Enterprises (NASDAQ:WERN) has been upgraded by analysts at RBC Capital Markets from sector perform to outperform. Analysts have also moved their price target for the stock from $29 to $37. Below we look at the fundamentals of WERN.
Werner Enterprises (NASDAQ:WERN), a player in the Trucking industry last closed the previous trading day at $31.55 after moving up 0.93% from the prior day.
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WERN is trading with a trailing 12 month P/E multiple of 23.20 and an estimated forward P/E multiple of 17.75. The stock has an estimated 5 year annual growth of 13.97% and a PEG multiple of 1.66.
The P/E to growth multiple (PEG) takes into account the expected long term growth in earnings of the company rather than merely the growth for one earnings period ahead as forward P/E does.
As a general rule of thumb, a stock with a PEG of between 0 and 1 is usually considered to be underpriced, between 1 and 2 to be at fair value and over 2 to be overpriced. Based on the PEG ratio of WERN being 1.66, we consider Werner Enterprises to likely be priced at fair value.
The mean analyst 12 month target price for Werner Enterprises (NASDAQ:WERN) is currently $30.89 or 2.09% below the current price. Additionally, within the last 52 weeks of trading the stock has had a low of $23.50 and a high of $32.15. Analysts are estimating that WERN will report earnings for the coming year of $1.78.
It would appear that analysts at RBC Capital Markets have increased their expectations from what the market consensus currently is, regarding earnings and growth for WERN.