Werner Enterprises (NASDAQ:WERN) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Werner Enterprises (NASDAQ:WERN) had its price objective increased by research analysts at The Goldman Sachs Group from $43.00 to $48.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 16.96% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings raised shares of Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Robert W. Baird upped their target price on shares of Werner Enterprises from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Citigroup lifted their price target on shares of Werner Enterprises from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. UBS Group boosted their price objective on shares of Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $37.77.

Werner Enterprises Stock Performance

Shares of NASDAQ WERN traded up $0.18 during midday trading on Tuesday, hitting $41.04. 76,139 shares of the stock traded hands, compared to its average volume of 1,133,799. The firm has a market capitalization of $2.46 billion, a P/E ratio of -273.73, a PEG ratio of 0.86 and a beta of 1.26. Werner Enterprises has a one year low of $23.06 and a one year high of $45.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.46. The firm has a 50-day moving average of $38.10 and a two-hundred day moving average of $34.00.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $730.14 million during the quarter, compared to analysts’ expectations of $812.50 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. Werner Enterprises’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Werner Enterprises will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Werner Enterprises by 41.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 679 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Werner Enterprises by 49.0% in the fourth quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock worth $73,000 after purchasing an additional 799 shares during the last quarter. Covestor Ltd lifted its position in shares of Werner Enterprises by 28.3% in the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock worth $98,000 after buying an additional 719 shares in the last quarter. KBC Group NV lifted its position in shares of Werner Enterprises by 86.9% in the fourth quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock worth $108,000 after buying an additional 1,680 shares in the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in Werner Enterprises during the fourth quarter valued at approximately $217,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

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.