Werner Enterprises (NASDAQ:WERN) Stock Rating Lowered by UBS Group

Werner Enterprises (NASDAQ:WERNGet Free Report) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Briefing.com reports. They presently have a $39.00 price target on the transportation company’s stock. UBS Group’s target price suggests a potential upside of 11.88% from the company’s current price.

A number of other research analysts have also commented on the stock. Barclays lowered their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Morgan Stanley cut their target price on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Monday. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, June 20th. Bank of America dropped their price target on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. Finally, Stephens reissued an “equal weight” rating and set a $40.00 price objective on shares of Werner Enterprises in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.69.

View Our Latest Stock Analysis on Werner Enterprises

Werner Enterprises Stock Down 1.1 %

WERN opened at $34.86 on Tuesday. The stock’s 50 day moving average price is $36.42 and its 200 day moving average price is $38.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. The stock has a market cap of $2.21 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.90 and a beta of 0.80. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $47.27.

Werner Enterprises (NASDAQ:WERNGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. Werner Enterprises’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, research analysts predict that Werner Enterprises will post 1.35 earnings per share for the current year.

Institutional Trading of Werner Enterprises

Institutional investors have recently made changes to their positions in the stock. Jade Capital Advisors LLC purchased a new stake in Werner Enterprises in the 4th quarter worth approximately $2,118,000. Vanguard Group Inc. boosted 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 purchasing an additional 48,380 shares during the last quarter. Congress Asset Management Co. MA grew its stake in Werner Enterprises by 14.8% in the first quarter. Congress Asset Management Co. MA now owns 305,501 shares of the transportation company’s stock valued at $11,951,000 after purchasing an additional 39,445 shares in the last quarter. Norden Group LLC increased its position in Werner Enterprises by 1,048.4% in the 1st quarter. Norden Group LLC now owns 91,312 shares of the transportation company’s stock worth $3,572,000 after purchasing an additional 83,361 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Werner Enterprises by 35.3% during the 4th quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock worth $7,168,000 after purchasing an additional 44,159 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

(Get Free Report)

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.

Featured Stories

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.