Werner Enterprises, Inc. (NASDAQ:WERN) Receives Average Rating of "Reduce" from Analysts

Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) has been given an average rating of "Reduce" by the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.69.

A number of research firms have recently issued reports on WERN. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a "hold" rating and a $33.00 price objective for the company. UBS Group reduced their price objective on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. StockNews.com downgraded shares of Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Wells Fargo & Company cut their target price on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup upgraded shares of Werner Enterprises from a "sell" rating to a "neutral" rating and decreased their price target for the company from $32.00 to $29.00 in a research note on Tuesday, April 8th.

Werner Enterprises Stock Performance

NASDAQ WERN traded down $0.16 on Wednesday, hitting $27.85. 978,832 shares of the stock were exchanged, compared to its average volume of 830,283. The business's fifty day moving average is $28.18 and its 200 day moving average is $33.79. Werner Enterprises has a 52 week low of $23.02 and a 52 week high of $42.48. The company has a market capitalization of $1.72 billion, a PE ratio of 50.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The firm had revenue of $712.11 million during the quarter, compared to the consensus estimate of $738.41 million. During the same period in the previous year, the company posted $0.14 earnings per share. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. Research analysts anticipate that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new stake in shares of Werner Enterprises during the 1st quarter valued at $6,227,000. Dean Capital Management raised its stake in Werner Enterprises by 1.6% in the first quarter. Dean Capital Management now owns 82,501 shares of the transportation company's stock valued at $2,417,000 after purchasing an additional 1,293 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Werner Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company's stock worth $1,075,000 after purchasing an additional 1,598 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Werner Enterprises by 1,642.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 620,855 shares of the transportation company's stock worth $18,191,000 after buying an additional 585,218 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in Werner Enterprises in the 1st quarter valued at about $9,102,000. 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.