Werner Enterprises (NASDAQ:WERN) Price Target Raised to $40.00

Werner Enterprises (NASDAQ:WERN) had its price target raised by Barclays from $36.00 to $40.00 in a research note released on Wednesday,Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

A number of other analysts also recently commented on WERN. Stifel Nicolaus cut their price objective on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating for the company in a report on Monday, November 4th. Susquehanna dropped their target price on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a report on Friday, November 1st. Evercore ISI reduced their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. TD Cowen upped their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.57.

Werner Enterprises Stock Down 1.5 %

Shares of NASDAQ WERN opened at $39.62 on Wednesday. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $43.26. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company’s 50-day simple moving average is $37.75 and its 200-day simple moving average is $37.09. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 54.27, a price-to-earnings-growth ratio of 34.03 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. During the same period in the previous year, the company earned $0.42 EPS. Werner Enterprises’s revenue was down 8.8% compared to the same quarter last year. Equities analysts predict that Werner Enterprises will post 0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV boosted its holdings in Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Werner Enterprises in the 2nd quarter valued at about $29,000. Canada Pension Plan Investment Board acquired a new stake in Werner Enterprises in the second quarter valued at approximately $29,000. Quest Partners LLC purchased a new position in Werner Enterprises in the second quarter worth approximately $30,000. Finally, GAMMA Investing LLC grew its holdings in Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after acquiring an additional 475 shares in the last quarter. Institutional investors and hedge funds 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.