Werner Enterprises (NASDAQ:WERN) Stock Rating Upgraded by 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 stock analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a report issued on Saturday.

A number of other research analysts have also recently issued reports on the stock. Robert W. Baird initiated coverage on shares of Werner Enterprises in a report on Tuesday, July 1st. They set an "underperform" rating and a $25.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of Werner Enterprises from $24.00 to $25.00 and gave the company an "underweight" rating in a report on Wednesday, July 30th. Susquehanna lifted their price objective on shares of Werner Enterprises from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Finally, TD Cowen cut their price target on shares of Werner Enterprises from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $30.87.

Werner Enterprises Trading Up 0.7%

NASDAQ WERN traded up $0.18 during mid-day trading on Friday, reaching $27.03. 821,114 shares of the stock were exchanged, compared to its average volume of 913,088. Werner Enterprises has a one year low of $23.02 and a one year high of $42.48. The stock has a 50 day simple moving average of $27.81 and a 200-day simple moving average of $29.67. The stock has a market cap of $1.67 billion, a P/E ratio of 31.43, a P/E/G ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 1.70.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results 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. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The firm had revenue of $753.15 million during the quarter, compared to the consensus estimate of $736.09 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The business's revenue was down 1.0% compared to the same quarter last year. On average, analysts anticipate that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WERN. Atria Investments Inc boosted its holdings in Werner Enterprises by 26.6% in the 2nd quarter. Atria Investments Inc now owns 13,019 shares of the transportation company's stock valued at $356,000 after purchasing an additional 2,736 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Werner Enterprises by 25.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,171 shares of the transportation company's stock valued at $771,000 after acquiring an additional 5,633 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of 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 acquiring an additional 13,108 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Werner Enterprises by 57.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company's stock worth $28,000 after purchasing an additional 373 shares in the last quarter. Finally, TrueMark Investments LLC bought a new position in shares of Werner Enterprises in the second quarter worth approximately $670,000. 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.