Werner Enterprises (NASDAQ:WERN) Given New $43.00 Price Target at Robert W. Baird

Werner Enterprises (NASDAQ:WERN) had its price target increased by investment analysts at Robert W. Baird from $39.00 to $43.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s price target would suggest a potential upside of 2.09% from the stock’s current price.

Several other research analysts have also weighed in on WERN. UBS Group upped their price target on Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company upped their price target on Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. Citigroup upped their price target on Werner Enterprises from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $36.92.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN opened at $42.12 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -280.80, a PEG ratio of 0.91 and a beta of 1.26. The stock’s fifty day simple moving average is $37.36 and its 200 day simple moving average is $33.59. Werner Enterprises has a 52-week low of $23.06 and a 52-week high of $45.27.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $730.14 million for the quarter, compared to the consensus estimate of $812.50 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.Werner Enterprises’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share. As a group, sell-side analysts forecast that Werner Enterprises will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in Werner Enterprises by 41.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after purchasing an additional 679 shares during the period. GAMMA Investing LLC boosted its position in Werner Enterprises by 49.0% during the fourth quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock worth $73,000 after purchasing an additional 799 shares during the period. Covestor Ltd boosted its position in Werner Enterprises by 28.3% during the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock worth $98,000 after purchasing an additional 719 shares during the period. KBC Group NV boosted its position in Werner Enterprises by 86.9% during the fourth quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,680 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in Werner Enterprises during the fourth quarter worth approximately $217,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

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.