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

Werner Enterprises (NASDAQ:WERN) had its price objective lifted by Barclays from $36.00 to $40.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

WERN has been the topic of a number of other reports. Evercore ISI cut their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. TD Cowen raised their price target on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup assumed coverage on Werner Enterprises in a research note on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective for the company. Finally, Susquehanna lowered their target price on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a research note on Friday, November 1st. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.57.

Werner Enterprises Stock Down 1.5 %

Shares of NASDAQ:WERN opened at $39.62 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $43.26. The company has a market capitalization of $2.45 billion, a PE ratio of 54.27, a P/E/G ratio of 34.03 and a beta of 0.80. The firm has a 50 day simple moving average of $37.75 and a 200-day simple moving average of $37.09.

Werner Enterprises (NASDAQ:WERN) last posted 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). The firm had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, equities analysts predict that Werner Enterprises will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV lifted its stake in shares of 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. acquired a new position in Werner Enterprises during the second quarter worth $29,000. Canada Pension Plan Investment Board purchased a new position in shares of Werner Enterprises during the 2nd quarter worth approximately $29,000. Quest Partners LLC purchased a new position in shares of Werner Enterprises during the 2nd quarter worth approximately $30,000. Finally, GAMMA Investing LLC lifted its stake in Werner Enterprises by 145.7% in the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares in the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

About Werner Enterprises

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.