Werner Enterprises (NASDAQ:WERN) Stock Price Expected to Rise, Susquehanna Analyst Says

Werner Enterprises (NASDAQ:WERN) had its price target lifted by Susquehanna from $47.00 to $48.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 8.87% from the stock’s current price.

Several other analysts also recently commented on WERN. Citigroup raised their price objective on shares of Werner Enterprises from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Evercore raised shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. UBS Group increased their price target on Werner Enterprises from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley raised their price target on Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group boosted their price objective on Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.85.

Werner Enterprises Price Performance

NASDAQ WERN opened at $44.09 on Tuesday. Werner Enterprises has a 12 month low of $23.06 and a 12 month high of $45.27. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -293.93, a PEG ratio of 0.89 and a beta of 1.26. The company’s 50 day moving average is $41.00 and its two-hundred day moving average is $35.38. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66.

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 the consensus estimate 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 negative net margin of 0.28% and a positive return on equity of 0.66%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. As a group, research analysts anticipate that Werner Enterprises will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Werner Enterprises

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its holdings in Werner Enterprises by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 336 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after purchasing an additional 401 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Werner Enterprises by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock valued at $1,758,000 after purchasing an additional 503 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Werner Enterprises by 1.1% during the second quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock valued at $1,560,000 after purchasing an additional 601 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Werner Enterprises by 21.5% during the second quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 675 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.