Werner Enterprises, Inc. (NASDAQ:WERN) Stock Has Average Target Price of $37.14

Werner Enterprises, Inc. (NASDAQ:WERN) has received an average recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $37.14.

WERN has been the subject of a number of recent analyst reports. Zacks Research cut shares of Werner Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, October 28th. TD Cowen cut their price objective on Werner Enterprises from $43.00 to $41.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Susquehanna upgraded Werner Enterprises from a “neutral” rating to a “positive” rating and reduced their target price for the stock from $48.00 to $44.00 in a research note on Thursday, July 30th. Finally, Morgan Stanley lowered their target price on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th.

Werner Enterprises Trading Up 1.0%

NASDAQ:WERN traded up $0.29 during trading hours on Friday, hitting $28.04. The stock had a trading volume of 569,238 shares, compared to its average volume of 1,121,823. The business’s 50 day moving average is $32.33 and its 200-day moving average is $35.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.39 and a current ratio of 1.42. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -90.45 and a beta of 1.34. Werner Enterprises has a one year low of $23.06 and a one year high of $47.49.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, October 27th. The transportation company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Werner Enterprises had a negative net margin of 0.56% and a positive return on equity of 2.03%. The company had revenue of $825.28 million for the quarter, compared to analysts’ expectations of $956.55 million. During the same period last year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. Sell-side analysts anticipate that Werner Enterprises will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP bought a new position in Werner Enterprises during the second quarter worth $38,000. Global Retirement Partners LLC purchased a new position in Werner Enterprises in the 2nd quarter worth approximately $45,000. Farther Finance Advisors LLC raised its holdings in shares of Werner Enterprises by 185.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,216 shares of the transportation company’s stock valued at $41,000 after buying an additional 790 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Werner Enterprises in the 2nd quarter valued at $65,000. Finally, Bayforest Capital Ltd bought a new position in shares of Werner Enterprises during the second quarter valued at about $128,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc. is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence Werner, the company has grown from a single-truck operation into a provider of freight services across North America. Its services include one-way truckload transportation, dedicated fleet operations, and logistics solutions such as freight brokerage, intermodal transportation, and supply chain management. Werner also provides cross-border transportation services connecting the United States with Canada and Mexico.