Werner Enterprises (NASDAQ:WERN) Raised to “Hold” at StockNews.com

Werner Enterprises (NASDAQ:WERN) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently issued reports on WERN. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective for the company in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Barclays decreased their price objective on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.00.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $29.25 on Wednesday. Werner Enterprises has a 1 year low of $29.02 and a 1 year high of $42.48. The firm has a 50 day moving average price of $33.98 and a 200 day moving average price of $36.50. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 53.18 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Sell-side analysts predict that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Trading of Werner Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc raised its holdings in shares of Werner Enterprises by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock worth $222,000 after purchasing an additional 274 shares during the period. Keybank National Association OH raised its holdings in shares of Werner Enterprises by 1.5% during the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock worth $726,000 after purchasing an additional 305 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Werner Enterprises by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock worth $1,922,000 after purchasing an additional 359 shares during the period. Bank of Montreal Can raised its holdings in shares of Werner Enterprises by 7.7% during the fourth quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company’s stock worth $243,000 after purchasing an additional 485 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

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.