Werner Enterprises (NASDAQ:WERN) Stock Price Expected to Rise, Susquehanna Analyst Says

Key Points

• Susquehanna has raised its price target for Werner Enterprises from $25.00 to $27.00, indicating a potential downside of 2.91% from the previous close.
• Barclays and UBS Group have both lowered their price targets for the stock, with Barclays bringing it down to $28.00 and UBS to $27.00, while Goldman Sachs upgraded their rating to "buy" with a target of $39.00.
• Werner Enterprises reported earnings of $0.11 per share for the last quarter, surpassing estimates, but revenue was down 1.0% year-over-year at $753.15 million.

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price target lifted by research analysts at Susquehanna from $25.00 to $27.00 in a report issued 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 0.25% from the company's current price.

WERN has been the topic of several other research reports. Barclays lowered their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. UBS Group lowered their price objective on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Robert W. Baird started coverage on shares of Werner Enterprises in a report on Tuesday, July 1st. They issued an "underperform" rating and a $25.00 price objective for the company. TD Cowen lowered their price objective on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises presently has an average rating of "Hold" and an average target price of $30.87.

Werner Enterprises Price Performance

Shares of Werner Enterprises stock traded down $0.65 on Wednesday, hitting $27.07. 97,959 shares of the company traded hands, compared to its average volume of 904,970. The firm's 50-day simple moving average is $27.79 and its 200 day simple moving average is $29.84. The company has a current ratio of 1.74, a quick ratio of 1.62 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.67 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.75 and a beta of 1.07. Werner Enterprises has a 12-month low of $23.02 and a 12-month high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $753.15 million for the quarter, compared to analysts' expectations of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The business's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. Analysts expect that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Werner Enterprises by 25.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,171 shares of the transportation company's stock valued at $771,000 after purchasing an additional 5,633 shares during the period. State of New Jersey Common Pension Fund D increased its position in Werner Enterprises by 22.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 71,997 shares of the transportation company's stock valued at $1,970,000 after purchasing an additional 13,108 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Werner Enterprises by 57.8% during 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. TrueMark Investments LLC purchased a new position in Werner Enterprises during the 2nd quarter valued at $670,000. Finally, Allianz Asset Management GmbH increased its position in Werner Enterprises by 47.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 376,736 shares of the transportation company's stock valued at $10,307,000 after purchasing an additional 120,749 shares during the period. 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.