Werner Enterprises (NASDAQ:WERN) Price Target Raised to $46.00

Werner Enterprises (NASDAQ:WERN) had its price target hoisted by research analysts at Wells Fargo & Company from $39.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 4.92% from the company’s current price.

WERN has been the subject of several other reports. UBS Group raised their target price on shares of Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. TD Cowen raised their target price on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Susquehanna lifted their price objective on Werner Enterprises from $38.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Citigroup increased their target price on Werner Enterprises from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $36.17.

Werner Enterprises Stock Up 1.4%

Shares of Werner Enterprises stock traded up $0.61 during trading hours on Friday, reaching $43.84. 50,771 shares of the company’s stock were exchanged, compared to its average volume of 1,148,380. The stock has a market cap of $2.63 billion, a P/E ratio of -291.91, a P/E/G ratio of 0.91 and a beta of 1.26. The company has a 50 day moving average of $35.12 and a two-hundred day moving average of $32.51. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. Werner Enterprises has a fifty-two week low of $23.06 and a fifty-two week high of $43.71.

Werner Enterprises (NASDAQ:WERN) 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 business had revenue of $730.14 million for the quarter, compared to analyst estimates of $812.50 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.Werner Enterprises’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share. On average, sell-side analysts forecast that Werner Enterprises will post 0.94 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in WERN. Allianz Asset Management GmbH increased its position in shares of Werner Enterprises by 52.3% during the third 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 holdings in shares of Werner Enterprises by 19.0% in the third quarter. Thrivent Financial for Lutherans now owns 174,842 shares of the transportation company’s stock valued at $4,602,000 after acquiring an additional 27,869 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Werner Enterprises during the 4th quarter valued at about $34,201,000. American Century Companies Inc. raised its holdings in shares of Werner Enterprises by 5.4% in the 3rd quarter. American Century Companies Inc. now owns 2,404,508 shares of the transportation company’s stock valued at $63,287,000 after purchasing an additional 123,513 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Werner Enterprises in the 3rd quarter worth approximately $4,062,000. 89.32% of the stock is currently owned by 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.