Werner Enterprises (NASDAQ:WERN) Stock Price Expected to Rise, Susquehanna Analyst Says

Werner Enterprises (NASDAQ:WERN) had its target price boosted by investment analysts at Susquehanna from $38.00 to $47.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 10.19% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on WERN. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Citigroup raised their price target on Werner Enterprises from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their price target on Werner Enterprises from $34.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Finally, TD Cowen upped their price objective on shares of Werner Enterprises from $36.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $35.58.

Werner Enterprises Trading Up 2.8%

Shares of WERN traded up $1.14 on Tuesday, hitting $42.65. 989,068 shares of the stock traded hands, compared to its average volume of 1,143,860. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.56 billion, a P/E ratio of -284.27, a P/E/G ratio of 0.88 and a beta of 1.26. The stock’s 50 day moving average is $34.22 and its two-hundred day moving average is $32.12. Werner Enterprises has a 1 year low of $23.06 and a 1 year high of $42.55.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The firm had revenue of $730.14 million during the quarter, compared to analysts’ expectations of $812.50 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. Werner Enterprises’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) EPS. As a group, sell-side analysts predict that Werner Enterprises will post 0.94 earnings per share for the current year.

Institutional Trading of Werner Enterprises

Several large investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its holdings in Werner Enterprises by 52.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 573,891 shares of the transportation company’s stock worth $15,105,000 after acquiring an additional 197,155 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Werner Enterprises by 19.0% during the third quarter. Thrivent Financial for Lutherans now owns 174,842 shares of the transportation company’s stock valued at $4,602,000 after purchasing an additional 27,869 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Werner Enterprises during the fourth quarter valued at approximately $34,201,000. American Century Companies Inc. lifted its position in shares of 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 worth $63,287,000 after purchasing an additional 123,513 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Werner Enterprises during the third quarter worth $4,062,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

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.