Werner Enterprises, Inc. : Still in the Trading Range
Entry price | Target | Stop-loss | Potential |
---|
US$25.15 |
US$0 |
US$23.9 |
-100% |
---|
The company Werner Enterprises is back on an important support combined with a sound financial situation.
From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales ratio of 0.88.
However, analysts have revised slightly downward their earnings forecasts.
With an EPS estimated at USD 1.66 for this year and USD 1.79 for the next year, Werner Enterprises is currently paid 15.13 and 14.05 times the results.
After several weeks of horizontal fluctuations within the mid-term range USD 24.6/28.6, the stock is coming back close to the lower limit of the range.
Moving averages are flat and technical indicators illustrate the oversold situation.
The USD 24.6 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the USD 27 mid-term resistance and then the long-term target price is USD 28.6.
A stop-loss will be positioned at USD 23.9.
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