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

Werner Enterprises (NASDAQ:WERN) had its target price raised by analysts at Evercore ISI from $20.00 to $31.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “underperform” rating on the transportation company’s stock. Evercore ISI’s price objective would indicate a potential downside of 6.64% from the stock’s previous close.

Other analysts have also issued reports about the stock. Citigroup increased their price target on shares of Werner Enterprises from $27.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company raised shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $22.00 to $34.00 in a research report on Tuesday, January 6th. TD Cowen lowered their target price on shares of Werner Enterprises from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, October 31st. Morgan Stanley upped their price target on Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Finally, UBS Group lowered their price objective on Werner Enterprises from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $30.00.

Werner Enterprises Stock Up 0.5%

Werner Enterprises stock traded up $0.15 during midday trading on Tuesday, hitting $33.20. 17,163 shares of the company’s stock were exchanged, compared to its average volume of 762,260. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.59 and a current ratio of 1.62. The company has a market cap of $1.99 billion, a PE ratio of 81.10, a P/E/G ratio of 0.81 and a beta of 1.07. The firm has a 50-day moving average of $28.35 and a two-hundred day moving average of $28.02. Werner Enterprises has a 12 month low of $23.02 and a 12 month high of $38.60.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, October 30th. The transportation company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). The company had revenue of $712.04 million for the quarter, compared to analysts’ expectations of $763.63 million. Werner Enterprises had a return on equity of 0.14% and a net margin of 0.85%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. As a group, analysts expect that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning raised its position in Werner Enterprises by 22.0% during the 2nd quarter. Creative Planning now owns 76,426 shares of the transportation company’s stock worth $2,091,000 after buying an additional 13,782 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Werner Enterprises by 5.1% in the second quarter. American Century Companies Inc. now owns 2,280,995 shares of the transportation company’s stock worth $62,408,000 after acquiring an additional 110,468 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Werner Enterprises by 59.5% during the second quarter. Squarepoint Ops LLC now owns 179,372 shares of the transportation company’s stock worth $4,908,000 after purchasing an additional 66,927 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Werner Enterprises by 49.1% during the second quarter. Russell Investments Group Ltd. now owns 704,775 shares of the transportation company’s stock valued at $19,283,000 after purchasing an additional 232,149 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Werner Enterprises by 25.0% during the second 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. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.