Werner Enterprises (NASDAQ:WERN) Price Target Raised to $35.00

Werner Enterprises (NASDAQ:WERN) had its price objective raised by stock analysts at Stifel Nicolaus from $30.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 7.20% from the stock’s previous close.

A number of other analysts also recently issued reports on WERN. Wells Fargo & Company dropped their price objective on shares of Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Friday, January 3rd. Morgan Stanley decreased their target price on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. TD Cowen raised their price objective on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI dropped their target price on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.50.

Werner Enterprises Price Performance

Shares of WERN traded up $0.28 during mid-day trading on Thursday, reaching $37.71. 137,826 shares of the stock traded hands, compared to its average volume of 679,690. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 16.03 and a beta of 0.84. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $42.48. The firm has a fifty day moving average price of $37.87 and a 200 day moving average price of $37.55. 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 (NASDAQ:WERN) last announced its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. Werner Enterprises’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, equities research analysts predict that Werner Enterprises will post 0.67 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 WERN. Renaissance Technologies LLC boosted its position in shares of Werner Enterprises by 236.8% during the second quarter. Renaissance Technologies LLC now owns 113,363 shares of the transportation company’s stock valued at $4,062,000 after buying an additional 79,700 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Werner Enterprises by 8.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 9,924 shares of the transportation company’s stock valued at $356,000 after purchasing an additional 815 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Werner Enterprises by 19.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,060 shares of the transportation company’s stock worth $575,000 after buying an additional 2,668 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Werner Enterprises by 86.5% in the second quarter. Hsbc Holdings PLC now owns 10,321 shares of the transportation company’s stock worth $369,000 after buying an additional 4,788 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Werner Enterprises during the 2nd quarter valued at about $29,000. 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.