Werner Enterprises (NASDAQ:WERN) Price Target Raised to $33.00

Werner Enterprises (NASDAQ:WERN) had its price target increased by stock analysts at Barclays from $28.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential downside of 1.54% from the stock’s current price.

A number of other analysts have also issued reports on WERN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Werner Enterprises in a research report on Monday, December 22nd. TD Cowen cut their target price on Werner Enterprises from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company raised Werner Enterprises from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $22.00 to $34.00 in a research note on Tuesday, January 6th. Evercore ISI raised their price target on shares of Werner Enterprises from $20.00 to $31.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, Citigroup lifted their price objective on shares of Werner Enterprises from $27.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, January 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, Werner Enterprises presently has a consensus rating of “Reduce” and a consensus target price of $30.57.

Werner Enterprises Stock Performance

NASDAQ WERN traded up $0.43 on Thursday, hitting $33.52. 529,848 shares of the company’s stock were exchanged, compared to its average volume of 836,736. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 81.73, a P/E/G ratio of 0.84 and a beta of 1.07. Werner Enterprises has a fifty-two week low of $23.02 and a fifty-two week high of $38.60. The firm’s 50-day moving average price is $28.61 and its two-hundred day moving average price is $28.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.59.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 30th. The transportation company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.18). Werner Enterprises had a return on equity of 0.14% and a net margin of 0.85%.The business had revenue of $712.04 million for the quarter, compared to analyst estimates of $763.63 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that Werner Enterprises will post 1.27 EPS for the current year.

Hedge Funds Weigh In On Werner Enterprises

A number of hedge funds have recently added to or reduced their stakes in WERN. Dimensional Fund Advisors LP boosted its holdings in shares of Werner Enterprises by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,791,148 shares of the transportation company’s stock worth $99,782,000 after buying an additional 24,204 shares during the last quarter. First Trust Advisors LP boosted its stake in Werner Enterprises by 5.7% in the 3rd quarter. First Trust Advisors LP now owns 3,058,938 shares of the transportation company’s stock worth $80,511,000 after purchasing an additional 165,233 shares during the period. American Century Companies Inc. grew its stake in Werner Enterprises by 5.4% during the third quarter. American Century Companies Inc. now owns 2,404,508 shares of the transportation company’s stock valued at $63,287,000 after acquiring an additional 123,513 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Werner Enterprises by 7.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,965,037 shares of the transportation company’s stock worth $56,023,000 after purchasing an additional 129,850 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Werner Enterprises during the 4th quarter valued at approximately $34,201,000. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

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.