Werner Enterprises (NASDAQ:WERN) Price Target Raised to $47.00 at Susquehanna

Werner Enterprises (NASDAQ:WERNGet Free Report) had its price objective increased by investment analysts at Susquehanna from $38.00 to $47.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 10.19% from the stock’s current price.

Several other research firms have also recently issued reports on WERN. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen upped their price target on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on shares of Werner Enterprises from $34.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $35.58.

Check Out Our Latest Stock Analysis on Werner Enterprises

Werner Enterprises Stock Performance

NASDAQ:WERN traded up $1.14 during mid-day trading on Tuesday, reaching $42.65. The stock had a trading volume of 989,068 shares, compared to its average volume of 1,143,860. Werner Enterprises has a twelve month low of $23.06 and a twelve month high of $42.55. The business has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $32.12. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of -284.27, a PEG ratio of 0.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.46.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its position 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 worth $34,000 after buying an additional 961 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Werner Enterprises by 41.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 679 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Werner Enterprises by 49.0% during the fourth quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 799 shares during the last quarter. Covestor Ltd boosted its stake in shares of Werner Enterprises by 28.3% during the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock valued at $98,000 after acquiring an additional 719 shares during the last quarter. Finally, KBC Group NV increased its position in Werner Enterprises by 86.9% during the 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,680 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

(Get Free Report)

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.

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