Werner Enterprises (NASDAQ:WERN) Given New $23.00 Price Target at Susquehanna

Key Points

• Susquehanna has reduced its price target for Werner Enterprises (NASDAQ:WERN) from $27.00 to $23.00, indicating a potential downside of 11.99% from the current stock price.
• Werner Enterprises' stock has experienced varied analyst ratings, with three analysts rating it as a Buy, six as Hold, and six as Sell, leading to an average rating of "Reduce".
• The company reported a quarterly earnings beat with $0.11 EPS against an estimated $0.05, but its year-over-year revenue was down by 1.0%.

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price objective reduced by analysts at Susquehanna from $27.00 to $23.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential downside of 11.99% from the stock's current price.

A number of other research analysts have also issued reports on WERN. Baird R W raised shares of Werner Enterprises to a "strong sell" rating in a research note on Tuesday, July 1st. Bank of America dropped their target price on shares of Werner Enterprises from $27.00 to $26.00 and set an "underperform" rating on the stock in a report on Wednesday, September 10th. Robert W. Baird began coverage on shares of Werner Enterprises in a report on Tuesday, July 1st. They issued an "underperform" rating and a $25.00 target price on the stock. Citigroup boosted their target price on shares of Werner Enterprises from $29.00 to $31.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group upgraded shares of Werner Enterprises from a "sell" rating to a "buy" rating and boosted their target price for the stock from $25.00 to $39.00 in a report on Monday, June 2nd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, Werner Enterprises has an average rating of "Reduce" and a consensus price target of $30.14.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN traded down $0.54 during midday trading on Wednesday, hitting $26.13. The company's stock had a trading volume of 99,930 shares, compared to its average volume of 874,814. Werner Enterprises has a 1-year low of $23.02 and a 1-year high of $42.48. The firm's fifty day moving average price is $28.06 and its 200-day moving average price is $28.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.63 and a current ratio of 1.67. The firm has a market cap of $1.56 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.45 and a beta of 1.09.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The business had revenue of $753.15 million during the quarter, compared to analyst estimates of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The company's quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, sell-side analysts forecast that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises announced that its board has initiated a stock buyback program on Monday, August 11th that permits the company to buyback 5,000,000 shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Werner Enterprises

Hedge funds have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new stake in Werner Enterprises in the 2nd quarter valued at $27,000. Brooklyn Investment Group boosted its holdings in Werner Enterprises by 163.5% in the 1st quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock valued at $28,000 after purchasing an additional 595 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Werner Enterprises by 57.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company's stock valued at $28,000 after purchasing an additional 373 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Werner Enterprises by 69.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock valued at $34,000 after purchasing an additional 483 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Werner Enterprises by 306.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company's stock valued at $35,000 after purchasing an additional 976 shares during the period. 89.32% of the stock is owned by institutional investors.

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.

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