Werner Enterprises (NASDAQ:WERN) PT Lowered to $40.00

Werner Enterprises (NASDAQ:WERNGet Free Report) had its price target reduced by stock analysts at Susquehanna from $42.00 to $40.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target points to a potential downside of 4.90% from the company’s previous close.

Other research analysts have also issued research reports about the company. Bank of America lowered Werner Enterprises from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $47.00 to $37.00 in a research report on Thursday, October 19th. TD Cowen boosted their price target on Werner Enterprises from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday. TheStreet lowered Werner Enterprises from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Stephens reduced their price target on Werner Enterprises from $52.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Finally, Barclays reduced their price target on Werner Enterprises from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises has an average rating of “Hold” and a consensus target price of $46.38.

View Our Latest Stock Analysis on WERN

Werner Enterprises Price Performance

Shares of WERN opened at $42.06 on Wednesday. The company has a market cap of $2.67 billion, a P/E ratio of 23.90, a PEG ratio of 5.52 and a beta of 0.80. The stock has a fifty day moving average price of $41.00 and a 200 day moving average price of $40.68. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.96 and a quick ratio of 1.90. Werner Enterprises has a 12 month low of $35.02 and a 12 month high of $49.79.

Werner Enterprises (NASDAQ:WERNGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The company had revenue of $821.90 million for the quarter, compared to the consensus estimate of $820.90 million. Werner Enterprises had a return on equity of 8.22% and a net margin of 3.42%. Werner Enterprises’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. On average, research analysts forecast that Werner Enterprises will post 2.45 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds have recently modified their holdings of WERN. Vanguard Group Inc. raised its position in Werner Enterprises by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock valued at $228,050,000 after buying an additional 48,380 shares during the period. Macquarie Group Ltd. increased its position in Werner Enterprises by 1.2% in the 1st quarter. Macquarie Group Ltd. now owns 4,518,370 shares of the transportation company’s stock worth $205,541,000 after purchasing an additional 54,392 shares during the last quarter. Victory Capital Management Inc. increased its position in Werner Enterprises by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,973,767 shares of the transportation company’s stock worth $168,369,000 after purchasing an additional 282,210 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Werner Enterprises by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,811,218 shares of the transportation company’s stock valued at $161,484,000 after acquiring an additional 33,906 shares during the last quarter. Finally, State Street Corp boosted its stake in Werner Enterprises by 3.4% during the 1st quarter. State Street Corp now owns 2,409,733 shares of the transportation company’s stock valued at $98,799,000 after purchasing an additional 79,912 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Company Profile

(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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