Citigroup Raises Werner Enterprises (NASDAQ:WERN) Price Target to $31.00

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price objective increased by equities research analysts at Citigroup from $29.00 to $31.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. Citigroup's target price would suggest a potential upside of 5.98% from the stock's previous close.

Several other equities research analysts have also recently weighed in on WERN. UBS Group dropped their price objective on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Wells Fargo & Company dropped their price objective on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Werner Enterprises from a "hold" rating to a "sell" rating in a report on Thursday, May 8th. TD Cowen lowered their target price on Werner Enterprises from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Evercore ISI cut Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their target price for the company from $27.00 to $21.00 in a research note on Wednesday, April 30th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Werner Enterprises has a consensus rating of "Hold" and a consensus price target of $30.40.

Werner Enterprises Stock Performance

NASDAQ WERN traded up $0.43 during trading hours on Wednesday, reaching $29.25. 953,503 shares of the company were exchanged, compared to its average volume of 798,575. The stock has a market capitalization of $1.81 billion, a P/E ratio of 100.86, a P/E/G ratio of 1.44 and a beta of 1.07. The business's 50 day simple moving average is $27.23 and its 200-day simple moving average is $30.66. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.45. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, equities research analysts expect that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Maple Rock Capital Partners Inc. bought a new position in Werner Enterprises during the 4th quarter valued at approximately $35,257,000. Wellington Management Group LLP bought a new position in Werner Enterprises during the 4th quarter valued at approximately $31,634,000. Jacobs Levy Equity Management Inc. increased its position in Werner Enterprises by 1,642.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 620,855 shares of the transportation company's stock valued at $18,191,000 after buying an additional 585,218 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in Werner Enterprises during the 1st quarter valued at approximately $9,102,000. Finally, American Century Companies Inc. increased its position in Werner Enterprises by 13.4% during the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company's stock valued at $71,380,000 after buying an additional 234,811 shares in the last quarter. Institutional investors 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.