Werner Enterprises (NASDAQ:WERN) Price Target Raised to $48.00

Werner Enterprises (NASDAQ:WERN) had its price target increased by equities researchers at The Goldman Sachs Group from $43.00 to $48.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 16.96% from the company’s current price.

Other research analysts have also issued research reports about the company. Susquehanna increased their target price on Werner Enterprises from $38.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Robert W. Baird upped their price target on Werner Enterprises from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. TD Cowen boosted their target price on shares of Werner Enterprises from $36.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Finally, UBS Group upped their target price on shares of Werner Enterprises from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $37.77.

Werner Enterprises Trading Up 0.4%

Shares of NASDAQ:WERN traded up $0.18 on Tuesday, hitting $41.04. The company had a trading volume of 76,139 shares, compared to its average volume of 1,133,799. The firm’s 50-day simple moving average is $38.10 and its two-hundred day simple moving average is $34.00. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -273.73, a P/E/G ratio of 0.86 and a beta of 1.26. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. Werner Enterprises has a 1 year low of $23.06 and a 1 year high of $45.27.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Werner Enterprises by 33.8% during the first quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock valued at $635,000 after acquiring an additional 5,473 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Werner Enterprises by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock valued at $1,075,000 after acquiring an additional 1,598 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after purchasing an additional 401 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Werner Enterprises by 24.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company’s stock valued at $2,100,000 after purchasing an additional 15,109 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Werner Enterprises by 159.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company’s stock worth $6,186,000 after purchasing an additional 138,995 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.