Deutsche Bank Aktiengesellschaft Begins Coverage on Werner Enterprises (NASDAQ:WERN)

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises (NASDAQ:WERN) in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage set a “hold” rating and a $33.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 2.48% from the stock’s current price.

A number of other brokerages also recently issued reports on WERN. Wells Fargo & Company lowered their price target on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, February 7th. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Stifel Nicolaus upped their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Barclays lowered their price target on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Susquehanna raised Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and a consensus price target of $37.00.

Werner Enterprises Stock Down 0.2 %

WERN stock opened at $32.20 on Friday. The company’s 50 day moving average price is $35.02 and its 200 day moving average price is $36.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. Werner Enterprises has a fifty-two week low of $30.90 and a fifty-two week high of $42.48. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 58.55 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, equities research analysts anticipate that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several large investors have recently modified their holdings of WERN. Verition Fund Management LLC purchased a new stake in shares of Werner Enterprises during the third quarter worth approximately $485,000. Intech Investment Management LLC purchased a new stake in shares of Werner Enterprises during the third quarter worth approximately $630,000. Empower Advisory Group LLC raised its stake in shares of Werner Enterprises by 4.8% during the third quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock worth $14,000,000 after purchasing an additional 16,637 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Werner Enterprises by 31.1% during the third quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock worth $3,245,000 after purchasing an additional 19,944 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in shares of Werner Enterprises by 19.8% during the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock worth $3,803,000 after purchasing an additional 16,280 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

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.