Werner Enterprises (NASDAQ:WERN) PT Raised to $30.00 at Susquehanna

Werner Enterprises (NASDAQ:WERN) had its target price raised by equities research analysts at Susquehanna from $26.00 to $30.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “negative” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential downside of 22.22% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Stephens reduced their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. UBS Group downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, July 9th. Morgan Stanley reduced their price objective on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday, July 8th. Finally, Evercore ISI decreased their price objective on Werner Enterprises from $35.00 to $33.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus target price of $38.08.

Werner Enterprises Trading Up 3.3 %

Shares of Werner Enterprises stock opened at $38.57 on Thursday. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $43.26. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $37.28 and a 200-day moving average price of $36.91. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 7.61 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $760.80 million for the quarter, compared to analysts’ expectations of $769.81 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Equities research analysts anticipate that Werner Enterprises will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Werner Enterprises in the 4th quarter worth about $8,855,000. PNC Financial Services Group Inc. grew its stake in Werner Enterprises by 16.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,892 shares of the transportation company’s stock worth $377,000 after purchasing an additional 1,245 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Werner Enterprises by 44.6% during the 4th quarter. Allianz Asset Management GmbH now owns 106,231 shares of the transportation company’s stock worth $4,501,000 after purchasing an additional 32,746 shares during the period. TFO Wealth Partners LLC increased its holdings in Werner Enterprises by 32,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,580 shares of the transportation company’s stock worth $109,000 after purchasing an additional 2,572 shares during the period. Finally, KBC Group NV raised its position in Werner Enterprises by 4.7% during the 4th quarter. KBC Group NV now owns 37,170 shares of the transportation company’s stock valued at $1,575,000 after purchasing an additional 1,663 shares in the last quarter. Hedge funds and other 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.