Barclays Boosts Werner Enterprises (NASDAQ:WERN) Price Target to $40.00

Werner Enterprises (NASDAQ:WERN) had its target price raised by analysts at Barclays from $36.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential downside of 0.52% from the company’s current price.

Other analysts have also recently issued reports about the company. Stifel Nicolaus dropped their price target on Werner Enterprises from $33.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Susquehanna dropped their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a report on Friday, November 1st. Citigroup started coverage on shares of Werner Enterprises in a research note on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price target on the stock. Evercore ISI lowered their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group decreased their target price on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.57.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $40.21 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The company’s fifty day moving average price is $37.68 and its 200 day moving average price is $37.06. The stock has a market capitalization of $2.49 billion, a P/E ratio of 55.08, a P/E/G ratio of 16.27 and a beta of 0.80. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $745.70 million during the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. As a group, equities research analysts anticipate that Werner Enterprises will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV boosted its stake in Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after buying an additional 589 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Werner Enterprises in the second quarter valued at approximately $29,000. Canada Pension Plan Investment Board acquired a new position in Werner Enterprises during the second quarter worth $29,000. Quest Partners LLC purchased a new position in shares of Werner Enterprises during the second quarter worth $30,000. Finally, GAMMA Investing LLC grew its stake in shares of Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares in 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.