Werner Enterprises (NASDAQ:WERN – Get Rating) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They currently have a $47.00 price target on the transportation company’s stock, down from their previous price target of $56.00. Stephens’ target price points to a potential upside of 14.63% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. StockNews.com assumed coverage on shares of Werner Enterprises in a research report on Thursday. They set a “buy” rating for the company. Barclays reduced their price target on Werner Enterprises from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, January 14th. JPMorgan Chase & Co. raised Werner Enterprises from an “underweight” rating to a “neutral” rating and upped their target price for the company from $44.00 to $47.00 in a research report on Friday, February 18th. Finally, Wells Fargo & Company upgraded Werner Enterprises from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $38.00 to $46.00 in a research report on Thursday, March 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and an average target price of $50.67.
Shares of Werner Enterprises stock opened at $41.00 on Friday. The stock has a market capitalization of $2.70 billion, a P/E ratio of 10.70, a P/E/G ratio of 0.98 and a beta of 0.81. Werner Enterprises has a 52-week low of $40.04 and a 52-week high of $49.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.31 and a current ratio of 2.35. The stock’s 50-day simple moving average is $43.33 and its 200 day simple moving average is $45.03.
Werner Enterprises (NASDAQ:WERN – Get Rating) last issued its earnings results on Thursday, February 3rd. The transportation company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.17. Werner Enterprises had a net margin of 9.47% and a return on equity of 18.18%. The company had revenue of $765.22 million for the quarter, compared to analysts’ expectations of $725.09 million. During the same quarter last year, the company earned $0.89 EPS. Equities research analysts forecast that Werner Enterprises will post 3.88 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank bought a new position in shares of Werner Enterprises in the fourth quarter worth $57,000. Covestor Ltd bought a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $59,000. Pinebridge Investments L.P. bought a new stake in Werner Enterprises during the fourth quarter worth approximately $91,000. Point72 Hong Kong Ltd lifted its position in Werner Enterprises by 42.0% in the third quarter. Point72 Hong Kong Ltd now owns 4,299 shares of the transportation company’s stock worth $190,000 after purchasing an additional 1,271 shares during the period. Finally, Versor Investments LP bought a new position in Werner Enterprises during the 4th quarter valued at $238,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.