Werner Enterprises (NASDAQ:WERN) Given New $25.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has raised the price target for Werner Enterprises from $21.00 to $25.00, while maintaining an "underperform" rating, indicating a potential downside of 9.22% from its current price.
• Werner Enterprises reported a quarterly earnings per share (EPS) of $0.11, surpassing analysts' expectations, despite a 1.0% decline in revenue year-over-year.
• Institutional investors hold 89.32% of Werner Enterprises' stock, reflecting strong investment interest in the company amidst mixed analyst ratings.

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price objective boosted by stock analysts at Evercore ISI from $21.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "underperform" rating on the transportation company's stock. Evercore ISI's price target would suggest a potential downside of 6.89% from the company's current price.

A number of other analysts have also recently commented on WERN. Robert W. Baird assumed coverage on shares of Werner Enterprises in a research note on Tuesday, July 1st. They set an "underperform" rating and a $25.00 price target on the stock. The Goldman Sachs Group upgraded shares of Werner Enterprises from a "sell" rating to a "buy" rating and increased their target price for the stock from $25.00 to $39.00 in a research note on Monday, June 2nd. Baird R W upgraded shares of Werner Enterprises to a "strong sell" rating in a research note on Tuesday, July 1st. Citigroup increased their target price on shares of Werner Enterprises from $29.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, UBS Group lowered their price objective on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $30.87.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock traded down $0.87 on Wednesday, reaching $26.85. 1,331,066 shares of the company traded hands, compared to its average volume of 977,825. Werner Enterprises has a 52 week low of $23.02 and a 52 week high of $42.48. The company has a 50 day moving average of $27.81 and a 200 day moving average of $29.67. The firm has a market capitalization of $1.66 billion, a PE ratio of 31.22, a PEG ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 1.70.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. The firm had revenue of $753.15 million during the quarter, compared to the consensus estimate of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The company's revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. Equities analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group lifted its position in Werner Enterprises by 163.5% during the 1st quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock valued at $28,000 after acquiring an additional 595 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Werner Enterprises by 57.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company's stock valued at $28,000 after buying an additional 373 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after buying an additional 483 shares during the period. Fifth Third Bancorp grew its position in Werner Enterprises by 306.9% during the second quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company's stock valued at $35,000 after buying an additional 976 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Werner Enterprises during the fourth quarter valued at approximately $39,000. 89.32% of the stock is 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.