Werner Enterprises (NASDAQ:WERN) Price Target Raised to $25.00

Werner Enterprises (NASDAQ:WERN) had its price objective increased by equities researchers at Susquehanna from $23.00 to $25.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential downside of 9.06% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Barclays reduced their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Citigroup raised shares of Werner Enterprises from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. Stifel Nicolaus lowered their target price on Werner Enterprises from $29.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, May 1st. TD Cowen cut their price objective on Werner Enterprises from $33.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, Evercore ISI downgraded shares of Werner Enterprises from an “in-line” rating to an “underperform” rating and decreased their target price for the stock from $27.00 to $21.00 in a research report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.64.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock traded down $0.15 during trading hours on Tuesday, reaching $27.49. The company’s stock had a trading volume of 416,655 shares, compared to its average volume of 791,975. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.62 and a current ratio of 1.66. The company’s 50 day simple moving average is $27.11 and its 200 day simple moving average is $31.39. Werner Enterprises has a one year low of $23.02 and a one year high of $42.48. The stock has a market cap of $1.70 billion, a P/E ratio of 94.79, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a return on equity of 1.20% and a net margin of 0.60%. The firm had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same quarter in the prior year, the company posted $0.14 EPS. The firm’s revenue was down 7.4% on a year-over-year basis. As a group, analysts expect that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds have recently made changes to their positions in WERN. CIBC Asset Management Inc raised its stake in shares of Werner Enterprises by 4.6% in the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 274 shares in the last quarter. Keybank National Association OH boosted its position in shares of Werner Enterprises by 1.5% during the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after acquiring an additional 305 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Werner Enterprises by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock valued at $1,922,000 after acquiring an additional 359 shares during the period. SummerHaven Investment Management LLC raised its position in Werner Enterprises by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 22,516 shares of the transportation company’s stock worth $660,000 after purchasing an additional 398 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Werner Enterprises by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after purchasing an additional 401 shares during the period. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.