Werner Enterprises (NASDAQ:WERN) Rating Increased to Hold at StockNews.com

Werner Enterprises (NASDAQ:WERNGet Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other research firms have also commented on WERN. TD Cowen dropped their price target on Werner Enterprises from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird reduced their price target on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Barclays dropped their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Bank of America lowered their target price on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Monday, April 15th. Finally, Evercore ISI reduced their price objective on Werner Enterprises from $39.00 to $35.00 and set an “in-line” rating for the company in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.08.

Check Out Our Latest Stock Report on Werner Enterprises

Werner Enterprises Stock Up 0.9 %

Werner Enterprises stock opened at $35.77 on Thursday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.92 and a beta of 0.83. The company’s 50 day simple moving average is $36.41 and its 200 day simple moving average is $38.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $47.27.

Werner Enterprises (NASDAQ:WERNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The firm had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Werner Enterprises will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. SummerHaven Investment Management LLC increased its position in Werner Enterprises by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock worth $702,000 after buying an additional 259 shares during the last quarter. WealthPlan Investment Management LLC raised its stake in Werner Enterprises by 2.2% in the 4th quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 301 shares during the period. Alliance Wealth Advisors LLC UT lifted its holdings in Werner Enterprises by 3.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 308 shares during the last quarter. QRG Capital Management Inc. boosted its position in Werner Enterprises by 5.2% during the fourth quarter. QRG Capital Management Inc. now owns 6,576 shares of the transportation company’s stock worth $279,000 after purchasing an additional 328 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 410 shares during 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, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.

Further Reading

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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