Citigroup Issues Positive Forecast for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price target lifted by equities research analysts at Citigroup from $27.00 to $34.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target suggests a potential upside of 2.91% from the company’s current price.

WERN has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of Werner Enterprises from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Bank of America dropped their target price on shares of Werner Enterprises from $27.00 to $26.00 and set an “underperform” rating on the stock in a report on Wednesday, September 10th. UBS Group cut their target price on shares of Werner Enterprises from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Werner Enterprises in a report on Monday, December 22nd. Finally, Wall Street Zen downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, Werner Enterprises has an average rating of “Reduce” and an average target price of $28.71.

Werner Enterprises Stock Up 2.4%

Shares of Werner Enterprises stock traded up $0.79 on Thursday, reaching $33.04. The company’s stock had a trading volume of 337,710 shares, compared to its average volume of 828,825. Werner Enterprises has a 52 week low of $23.02 and a 52 week high of $38.60. The firm’s fifty day simple moving average is $27.91 and its two-hundred day simple moving average is $27.90. The company has a quick ratio of 1.59, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 80.61, a P/E/G ratio of 0.79 and a beta of 1.07.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.18). Werner Enterprises had a net margin of 0.85% and a return on equity of 0.14%. The business had revenue of $712.04 million for the quarter, compared to analysts’ expectations of $763.63 million. During the same period last year, the business earned $0.15 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WERN. Elevation Point Wealth Partners LLC bought a new position in shares of Werner Enterprises during the 2nd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in Werner Enterprises by 57.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 373 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Werner Enterprises by 289.5% during the third quarter. Hantz Financial Services Inc. now owns 1,293 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 961 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Werner Enterprises by 306.9% in the second quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company’s stock worth $35,000 after purchasing an additional 976 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Werner Enterprises by 413.1% in the second quarter. GAMMA Investing LLC now owns 2,191 shares of the transportation company’s stock worth $60,000 after purchasing an additional 1,764 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.