Werner Enterprises (NASDAQ:WERN) Stock Rating Upgraded by Wells Fargo & Company

Werner Enterprises (NASDAQ:WERN) was upgraded by Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a $34.00 target price on the transportation company’s stock, up from their previous target price of $22.00. Wells Fargo & Company‘s price target suggests a potential upside of 5.92% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Susquehanna cut their price target on shares of Werner Enterprises from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Wall Street Zen downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Morgan Stanley upped their price target on Werner Enterprises from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Bank of America lowered their price objective on Werner Enterprises from $27.00 to $26.00 and set an “underperform” rating for the company in a research report on Wednesday, September 10th. Finally, Citigroup cut their price objective on Werner Enterprises from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $27.79.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $32.10 on Tuesday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 78.29, a PEG ratio of 0.74 and a beta of 1.07. The company has a current ratio of 1.62, a quick ratio of 1.59 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $27.69 and its 200-day moving average price is $27.83. Werner Enterprises has a 12 month low of $23.02 and a 12 month high of $38.60.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data 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 net margin of 0.85% and a return on equity of 0.14%. The business had revenue of $712.04 million during the quarter, compared to the consensus estimate of $763.63 million. During the same quarter last year, the business earned $0.15 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Werner Enterprises by 22.0% in the second quarter. Creative Planning now owns 76,426 shares of the transportation company’s stock valued at $2,091,000 after purchasing an additional 13,782 shares in the last quarter. American Century Companies Inc. grew its holdings in Werner Enterprises by 5.1% during the second quarter. American Century Companies Inc. now owns 2,280,995 shares of the transportation company’s stock worth $62,408,000 after buying an additional 110,468 shares in the last quarter. Squarepoint Ops LLC raised its position in Werner Enterprises by 59.5% in the 2nd quarter. Squarepoint Ops LLC now owns 179,372 shares of the transportation company’s stock valued at $4,908,000 after buying an additional 66,927 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Werner Enterprises by 49.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 704,775 shares of the transportation company’s stock valued at $19,283,000 after acquiring an additional 232,149 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Werner Enterprises by 25.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,171 shares of the transportation company’s stock valued at $771,000 after acquiring an additional 5,633 shares in the last quarter. 89.32% of the stock is owned by 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.