Werner Enterprises (NASDAQ:WERN) Given New $46.00 Price Target at Wells Fargo & Company

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

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. Citigroup boosted 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. Zacks Research raised Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Susquehanna boosted their price objective on Werner Enterprises from $38.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Weiss Ratings raised Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises presently has a consensus rating of “Reduce” and a consensus price target of $36.17.

Werner Enterprises Stock Performance

WERN stock traded up $0.61 during mid-day trading on Friday, reaching $43.84. The company had a trading volume of 50,771 shares, compared to its average volume of 1,148,380. Werner Enterprises has a one year low of $23.06 and a one year high of $43.71. The stock has a market capitalization 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 quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $35.12 and its two-hundred day simple moving average is $32.51.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.The firm had revenue of $730.14 million for the quarter, compared to analysts’ expectations of $812.50 million. During the same period last year, the firm earned ($0.12) EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. Research analysts anticipate that Werner Enterprises will post 0.94 EPS for the current year.

Hedge Funds Weigh In On Werner Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Werner Enterprises by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 6,514,200 shares of the transportation company’s stock worth $195,491,000 after acquiring an additional 90,480 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Werner Enterprises by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,794,752 shares of the transportation company’s stock valued at $111,601,000 after buying an additional 148,826 shares during the period. First Trust Advisors LP grew its stake in Werner Enterprises by 5.7% in the third quarter. First Trust Advisors LP now owns 3,058,938 shares of the transportation company’s stock valued at $80,511,000 after acquiring an additional 165,233 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in shares of Werner Enterprises by 11.1% in 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, Wellington Management Group LLP raised its holdings in shares of Werner Enterprises by 605.3% during the fourth quarter. Wellington Management Group LLP now owns 2,510,354 shares of the transportation company’s stock worth $75,336,000 after acquiring an additional 2,154,428 shares during the period. 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.