Werner Enterprises (NASDAQ:WERN) PT Raised to $43.00

Werner Enterprises (NASDAQ:WERNGet Free Report) had its price target lifted by equities researchers at TD Cowen from $40.00 to $43.00 in a report released on Wednesday, Briefing.com reports. The firm presently has an “outperform” rating on the transportation company’s stock. TD Cowen’s target price suggests a potential upside of 6.94% from the stock’s previous close.

WERN has been the topic of a number of other research reports. Bank of America cut Werner Enterprises from a “buy” rating to an “underperform” rating and decreased their target price for the company from $47.00 to $37.00 in a research report on Thursday, October 19th. Stifel Nicolaus boosted their price target on Werner Enterprises from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Susquehanna reduced their price target on Werner Enterprises from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Barclays reduced their price target on Werner Enterprises from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Finally, Morgan Stanley reduced their price target on Werner Enterprises from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Werner Enterprises has a consensus rating of “Hold” and an average target price of $46.75.

Check Out Our Latest Stock Report on Werner Enterprises

Werner Enterprises Stock Performance

Werner Enterprises stock opened at $40.21 on Wednesday. Werner Enterprises has a 12-month low of $35.02 and a 12-month high of $49.79. The company has a quick ratio of 1.90, a current ratio of 1.96 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $40.96 and its two-hundred day moving average price is $40.67. The stock has a market cap of $2.55 billion, a PE ratio of 17.26, a P/E/G ratio of 5.45 and a beta of 0.80.

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. grew its holdings in Werner Enterprises by 23.1% during the second quarter. Macquarie Group Ltd. now owns 4,334,690 shares of the transportation company’s stock worth $167,059,000 after buying an additional 812,355 shares in the last quarter. Nuance Investments LLC grew its holdings in Werner Enterprises by 106.4% during the third quarter. Nuance Investments LLC now owns 1,455,785 shares of the transportation company’s stock worth $56,703,000 after buying an additional 750,562 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Werner Enterprises by 220.6% during the first quarter. Schonfeld Strategic Advisors LLC now owns 846,704 shares of the transportation company’s stock worth $38,517,000 after buying an additional 582,604 shares in the last quarter. Norges Bank bought a new stake in Werner Enterprises during the fourth quarter worth $19,974,000. Finally, Renaissance Technologies LLC grew its holdings in Werner Enterprises by 2,103.2% during the first quarter. Renaissance Technologies LLC now owns 400,163 shares of the transportation company’s stock worth $16,407,000 after buying an additional 382,000 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

About Werner Enterprises

(Get Free Report)

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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