Werner Enterprises (NASDAQ:WERN) Upgraded to "Hold" at Wall Street Zen

Key Points

• Werner Enterprises has been upgraded from a "strong sell" to a "hold" rating by Wall Street Zen, signaling a potential shift in investor sentiment.
• Various research firms have adjusted their price targets, with Wells Fargo lowering it to $25.00 and Barclays dropping it to $28.00, while Susquehanna raised its target to $27.00.
• The company reported earnings of $0.11 per share for the last quarter, surpassing expectations and indicating a slight revenue decrease of 1.0% year-over-year.

Werner Enterprises (NASDAQ:WERN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also issued reports on the company. Citigroup raised their target price on Werner Enterprises from $29.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Wells Fargo & Company raised their target price on Werner Enterprises from $24.00 to $25.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 30th. Bank of America boosted their price objective on Werner Enterprises from $26.00 to $27.00 and gave the company an "underperform" rating in a report on Friday, June 13th. Baird R W raised Werner Enterprises to a "strong sell" rating in a report on Tuesday, July 1st. Finally, Evercore ISI boosted their price objective on Werner Enterprises from $21.00 to $25.00 and gave the company an "underperform" rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.50.

Werner Enterprises Trading Down 0.3%

Shares of NASDAQ:WERN traded down $0.07 during trading on Friday, reaching $27.52. 199,381 shares of the company were exchanged, compared to its average volume of 907,693. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 1.70. The business's fifty day simple moving average is $27.86 and its 200-day simple moving average is $29.59. Werner Enterprises has a 12-month low of $23.02 and a 12-month high of $42.48. The firm has a market capitalization of $1.70 billion, a PE ratio of 32.08, a P/E/G ratio of 1.56 and a beta of 1.08.

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

Institutional Trading of Werner Enterprises

Several institutional investors have recently made changes to their positions in WERN. Brooklyn Investment Group lifted its stake in Werner Enterprises by 163.5% during the first quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock worth $28,000 after purchasing an additional 595 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of 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 worth $28,000 after acquiring an additional 373 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Werner Enterprises during the 4th quarter worth about $39,000. MassMutual Private Wealth & Trust FSB increased its position in Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock worth $34,000 after buying an additional 483 shares during the period. Finally, Fifth Third Bancorp increased its position in Werner Enterprises by 306.9% during the second quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company's stock worth $35,000 after buying an additional 976 shares during the period. Hedge funds and other 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.