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

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

Other research analysts have also issued reports about the company. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. TD Cowen upped their price objective on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Susquehanna decreased their price objective on Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reduced their target price on Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.57.

Werner Enterprises Stock Performance

WERN opened at $39.62 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The business has a fifty day simple moving average of $37.75 and a 200 day simple moving average of $37.11. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $43.26. The company has a market capitalization of $2.45 billion, a PE ratio of 54.27, a price-to-earnings-growth ratio of 34.03 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. During the same period in the prior year, the company earned $0.42 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. Research analysts expect that Werner Enterprises will post 0.69 EPS for the current year.

Institutional Trading of Werner Enterprises

Several large investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in Werner Enterprises by 12.8% in the third quarter. Barclays PLC now owns 435,447 shares of the transportation company’s stock valued at $16,804,000 after buying an additional 49,568 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in Werner Enterprises in the third quarter valued at about $722,000. Weiss Asset Management LP acquired a new stake in Werner Enterprises in the third quarter valued at about $1,408,000. Jacobs Levy Equity Management Inc. boosted its stake in Werner Enterprises by 11.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 30,819 shares of the transportation company’s stock valued at $1,189,000 after buying an additional 3,282 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in Werner Enterprises by 19.8% in the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock valued at $3,803,000 after buying an additional 16,280 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

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.