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

Werner Enterprises (NASDAQ:WERN) had its target price raised by analysts at TD Cowen from $40.00 to $41.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective would indicate a potential upside of 11.14% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Stephens decreased their price target on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Susquehanna boosted their price target on Werner Enterprises from $26.00 to $30.00 and gave the stock a “negative” rating in a research note on Thursday, September 26th. Morgan Stanley decreased their price target on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday, July 8th. The Goldman Sachs Group decreased their price target on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Finally, UBS Group lowered Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.50.

Werner Enterprises Price Performance

Shares of WERN opened at $36.89 on Wednesday. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $43.26. The stock’s 50 day moving average is $37.10 and its two-hundred day moving average is $36.75. The firm has a market capitalization of $2.28 billion, a PE ratio of 50.53, a P/E/G ratio of 11.70 and a beta of 0.79. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The business had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. During the same period in the prior year, the firm posted $0.42 EPS. Werner Enterprises’s revenue for the quarter was down 8.8% compared to the same quarter last year. Research analysts anticipate that Werner Enterprises will post 0.87 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

A number of large investors have recently bought and sold shares of WERN. US Bancorp DE lifted its stake in shares of Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock worth $184,000 after purchasing an additional 3,489 shares during the period. Congress Asset Management Co. lifted its stake in shares of Werner Enterprises by 10.1% during the 3rd quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock worth $14,265,000 after purchasing an additional 33,891 shares during the period. Diversify Wealth Management LLC lifted its stake in shares of Werner Enterprises by 13.9% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company’s stock worth $279,000 after purchasing an additional 906 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Werner Enterprises by 2.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 460,453 shares of the transportation company’s stock worth $19,509,000 after purchasing an additional 9,143 shares during the period. Finally, abrdn plc lifted its stake in shares of Werner Enterprises by 26.9% during the 3rd quarter. abrdn plc now owns 497,430 shares of the transportation company’s stock worth $19,196,000 after purchasing an additional 105,488 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Werner Enterprises

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.