Werner Enterprises (NASDAQ:WERN - Get Free Report) had its target price decreased by stock analysts at Barclays from $40.00 to $36.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the transportation company's stock. Barclays's target price points to a potential upside of 0.73% from the company's previous close.
Several other equities research analysts also recently issued reports on the company. Robert W. Baird lowered their price target on Werner Enterprises from $46.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday. Bank of America cut their price target on shares of Werner Enterprises from $35.00 to $34.00 and set an "underperform" rating on the stock in a research note on Monday, April 15th. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Tuesday, February 27th. Morgan Stanley cut their price target on shares of Werner Enterprises from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 7th. Finally, Susquehanna cut their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $42.54.
Read Our Latest Stock Report on WERN
Werner Enterprises Trading Up 1.6 %
Shares of Werner Enterprises stock traded up $0.57 on Thursday, hitting $35.74. 777,507 shares of the company's stock traded hands, compared to its average volume of 627,154. The firm's 50-day moving average price is $37.71 and its two-hundred day moving average price is $39.10. The stock has a market capitalization of $2.27 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.04 and a beta of 0.82. Werner Enterprises has a one year low of $33.12 and a one year high of $47.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87.
Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The business had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.16%. The business's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, research analysts expect that Werner Enterprises will post 1.91 EPS for the current fiscal year.
Hedge Funds Weigh In On Werner Enterprises
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Werner Enterprises by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company's stock worth $228,050,000 after buying an additional 48,380 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Werner Enterprises by 35.3% in the fourth quarter. Raymond James & Associates now owns 169,187 shares of the transportation company's stock valued at $7,168,000 after purchasing an additional 44,159 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Werner Enterprises by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 576,100 shares of the transportation company's stock valued at $22,439,000 after purchasing an additional 39,825 shares during the last quarter. Norden Group LLC acquired a new position in shares of Werner Enterprises in the fourth quarter valued at $337,000. Finally, AQR Capital Management LLC increased its holdings in shares of Werner Enterprises by 27.8% in the third quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company's stock valued at $27,472,000 after purchasing an additional 153,271 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.
Werner Enterprises Company Profile
(
Get Free Report)
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.
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