Werner Enterprises (NASDAQ:WERN) Price Target Raised to $27.00

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 target price increased by research analysts at Susquehanna from $25.00 to $27.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Susquehanna's price target would suggest a potential upside of 0.56% from the company's previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group upgraded shares of Werner Enterprises from a "sell" rating to a "buy" rating and raised their target price for the stock from $25.00 to $39.00 in a research report on Monday, June 2nd. Evercore ISI lowered shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their target price for the stock from $27.00 to $21.00 in a research report on Wednesday, April 30th. Baird R W upgraded shares of Werner Enterprises to a "strong sell" rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $30.87.

Werner Enterprises Stock Down 3.1%

NASDAQ:WERN traded down $0.87 during mid-day trading on Wednesday, hitting $26.85. The stock had a trading volume of 1,331,066 shares, compared to its average volume of 977,825. The stock has a 50-day simple moving average of $27.81 and a two-hundred day simple moving average of $29.67. The company 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. Werner Enterprises has a twelve month low of $23.02 and a twelve month high of $42.48. The company has a current ratio of 1.74, a quick ratio of 1.70 and a debt-to-equity ratio of 0.51.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced 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 company had revenue of $753.15 million for 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 firm's revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, equities research analysts anticipate that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Werner Enterprises by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 308,067 shares of the transportation company's stock worth $9,026,000 after buying an additional 8,080 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Werner Enterprises by 164.3% during the 1st quarter. SG Americas Securities LLC now owns 11,066 shares of the transportation company's stock worth $324,000 after purchasing an additional 6,879 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Werner Enterprises in the first quarter valued at approximately $686,000. Vanguard Group Inc. raised its position in shares of Werner Enterprises by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock valued at $241,758,000 after buying an additional 32,228 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Werner Enterprises in the first quarter valued at approximately $265,000. Institutional investors and hedge funds own 89.32% of the company's stock.

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.