Susquehanna Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $28.00

Werner Enterprises (NASDAQ:WERN) had its price target lowered by Susquehanna from $30.00 to $28.00 in a report published on Friday, Benzinga reports. The firm currently has a negative rating on the transportation company’s stock.

Several other research firms also recently weighed in on WERN. The Goldman Sachs Group decreased their price objective on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Citigroup assumed coverage on Werner Enterprises in a report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price target for the company. StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Evercore ISI decreased their price target 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. Finally, Wells Fargo & Company decreased their price target on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Werner Enterprises has an average rating of “Hold” and a consensus price target of $36.29.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $37.31 on Friday. The firm has a market capitalization of $2.31 billion, a P/E ratio of 51.11, a P/E/G ratio of 13.12 and a beta of 0.80. 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 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $37.10 and its two-hundred day moving average is $36.77.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. Werner Enterprises’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. Research analysts forecast that Werner Enterprises will post 0.77 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D grew its holdings in Werner Enterprises by 3.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 53,136 shares of the transportation company’s stock valued at $2,051,000 after buying an additional 1,858 shares during the period. Atria Investments Inc grew its holdings in Werner Enterprises by 34.2% in the 3rd quarter. Atria Investments Inc now owns 8,150 shares of the transportation company’s stock valued at $315,000 after buying an additional 2,079 shares during the period. US Bancorp DE lifted its stake in shares of Werner Enterprises by 271.1% in the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 3,489 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of Werner Enterprises by 10.1% in the 3rd quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock valued at $14,265,000 after purchasing an additional 33,891 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in shares of Werner Enterprises by 13.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 906 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.