Werner Enterprises, Inc. (NASDAQ:WERN) Stock Has Average Price Target of $37.14 According to Analysts

Key Points

• Analysts give Werner Enterprises a “Hold” consensus: Of 16 firms covering the stock, eight rate it hold, four buy, and four sell. Their average 12-month price target is $37.14.
• Several analysts recently cut their price targets, including Wells Fargo to $31 and Robert W. Baird to $32; Baird also downgraded the stock to neutral. Shares traded at $28.04, below their 50-day and 200-day moving averages.
• Werner reported quarterly earnings of $0.16 per share, in line with estimates, while revenue of $825.3 million came in below analysts’ $956.6 million forecast. Revenue was up 23.2% from the same quarter a year earlier.

Shares of Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) have earned an average rating of "Hold" from the sixteen ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.14.

WERN has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Werner Enterprises from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 28th. Robert W. Baird cut shares of Werner Enterprises from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $43.00 to $32.00 in a research report on Tuesday, October 20th. Weiss Ratings lowered Werner Enterprises from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, November 4th. Stifel Nicolaus lowered their price objective on Werner Enterprises from $40.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, October 28th. Finally, Susquehanna upgraded shares of Werner Enterprises from a "neutral" rating to a "positive" rating and dropped their price objective for the stock from $48.00 to $44.00 in a research note on Thursday, July 30th.

Werner Enterprises Price Performance

Shares of NASDAQ WERN traded up $0.29 during mid-day trading on Friday, reaching $28.04. The company's stock had a trading volume of 569,238 shares, compared to its average volume of 1,121,823. The stock has a 50-day moving average of $32.33 and a two-hundred day moving average of $35.77. The stock has a market capitalization of $1.68 billion, a P/E ratio of -90.45 and a beta of 1.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 1.42. Werner Enterprises has a 1-year low of $23.06 and a 1-year high of $47.49.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The transportation company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Werner Enterprises had a positive return on equity of 2.03% and a negative net margin of 0.56%. The company had revenue of $825.28 million during the quarter, compared to analyst estimates of $956.55 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities research analysts anticipate that Werner Enterprises will post 0.61 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Werner Enterprises by 17.7% during the second quarter. BlackRock Inc. now owns 10,405,606 shares of the transportation company's stock worth $453,788,000 after acquiring an additional 1,563,170 shares in the last quarter. State Street Corp grew its stake in shares of Werner Enterprises by 3.1% during the second quarter. State Street Corp now owns 2,637,086 shares of the transportation company's stock worth $115,003,000 after purchasing an additional 79,075 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Werner Enterprises by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,794,752 shares of the transportation company's stock worth $111,601,000 after purchasing an additional 148,826 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in Werner Enterprises by 146.9% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,366,167 shares of the transportation company's stock valued at $59,579,000 after purchasing an additional 812,800 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Werner Enterprises by 1,361.0% in the first quarter. First Trust Advisors LP now owns 1,921,152 shares of the transportation company's stock valued at $56,501,000 after purchasing an additional 1,789,653 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors.

About Werner Enterprises

Werner Enterprises, Inc. is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence Werner, the company has grown from a single-truck operation into a provider of freight services across North America. Its services include one-way truckload transportation, dedicated fleet operations, and logistics solutions such as freight brokerage, intermodal transportation, and supply chain management. Werner also provides cross-border transportation services connecting the United States with Canada and Mexico.

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