Werner Enterprises (NASDAQ:WERN) Stock Price Target Lowered at Barclays

Werner Enterprises (NASDAQ:WERN) had its target price dropped by equities research analysts at Barclays from $40.00 to $38.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential upside of 26.25% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company set a $35.00 price target on shares of Werner Enterprises in a report on Tuesday. Robert W. Baird set a $32.00 price objective on shares of Werner Enterprises and gave the company a “neutral” rating in a report on Tuesday. Citigroup dropped their price objective on shares of Werner Enterprises from $43.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Susquehanna upgraded shares of Werner Enterprises from a “neutral” rating to a “positive” rating and cut their price objective for the stock from $48.00 to $44.00 in a research note on Thursday, July 30th. Finally, Zacks Research cut shares of Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.85.

Werner Enterprises Price Performance

NASDAQ WERN opened at $30.10 on Tuesday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -39.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.45 and a quick ratio of 1.42. The stock’s fifty day moving average price is $36.13 and its 200 day moving average price is $37.99. Werner Enterprises has a 1 year low of $23.06 and a 1 year high of $47.49.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $813.36 million for the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, equities research analysts forecast that Werner Enterprises will post 1.08 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Werner Enterprises by 17.7% during the 2nd quarter. BlackRock Inc. now owns 10,405,606 shares of the transportation company’s stock valued at $453,788,000 after purchasing an additional 1,563,170 shares in the last quarter. State Street Corp boosted its holdings in Werner Enterprises by 3.1% during the second quarter. State Street Corp now owns 2,637,086 shares of the transportation company’s stock worth $115,003,000 after buying an additional 79,075 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Werner Enterprises by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,794,752 shares of the transportation company’s stock worth $111,601,000 after buying an additional 148,826 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in Werner Enterprises by 11.1% during the first quarter. Deprince Race & Zollo Inc. now owns 3,055,017 shares of the transportation company’s stock valued at $89,848,000 after buying an additional 304,983 shares during the period. Finally, Maple Rock Capital Partners Inc. grew its position in Werner Enterprises by 146.9% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,366,167 shares of the transportation company’s stock valued at $59,579,000 after buying an additional 812,800 shares during the period. Institutional investors and hedge funds own 89.32% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.