Werner Enterprises (NASDAQ:WERN) Coverage Initiated by Analysts at Citigroup

Equities researchers at Citigroup began coverage on shares of Werner Enterprises (NASDAQ:WERN) in a note issued to investors on Wednesday, Briefing.com reports. The firm set a “sell” rating and a $34.00 price target on the transportation company’s stock. Citigroup’s price objective indicates a potential downside of 8.23% from the stock’s current price.

A number of other brokerages have also issued reports on WERN. UBS Group lowered Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research note on Tuesday, July 9th. Evercore ISI dropped their price target on Werner Enterprises from $37.00 to $35.00 and set an “in-line” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley lowered their target price 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. Stephens decreased their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Finally, StockNews.com lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Six 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 company’s stock. According to MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $37.92.

Werner Enterprises Trading Up 1.6 %

WERN stock opened at $37.05 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $43.26. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 7.33 and a beta of 0.79. The business has a fifty day simple moving average of $37.11 and a 200-day simple moving average of $36.84.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $760.80 million for the quarter, compared to analysts’ expectations of $769.81 million. Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. On average, equities research analysts expect that Werner Enterprises will post 0.94 EPS for the current year.

Hedge Funds Weigh In On Werner Enterprises

Several large investors have recently made changes to their positions in WERN. Vanguard Group Inc. lifted its holdings in shares of Werner Enterprises by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock worth $272,021,000 after buying an additional 565,193 shares during the last quarter. Nuance Investments LLC grew its position in Werner Enterprises by 7.4% in the 2nd quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock worth $113,496,000 after purchasing an additional 219,074 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Werner Enterprises by 37.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after purchasing an additional 450,522 shares during the period. American Century Companies Inc. raised its position in shares of Werner Enterprises by 15.5% during the second quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after buying an additional 201,843 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Werner Enterprises by 2.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,460,342 shares of the transportation company’s stock worth $52,324,000 after buying an additional 38,544 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Company Profile

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.