Werner Enterprises (NASDAQ:WERN) Price Target Raised to $40.00 at Barclays

Werner Enterprises (NASDAQ:WERN) had its price target hoisted by Barclays from $36.00 to $40.00 in a research report released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on WERN. Evercore ISI cut their price objective on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research note on Wednesday, October 30th. Stephens reduced their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. JPMorgan Chase & Co. lowered their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Susquehanna dropped their price objective on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a report on Friday, November 1st. Finally, Stifel Nicolaus reduced their target price on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a sell rating, five 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 a consensus price target of $36.57.

Werner Enterprises Stock Down 1.5 %

Shares of WERN stock opened at $40.75 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $43.26. The stock has a market cap of $2.52 billion, a P/E ratio of 55.82, a P/E/G ratio of 16.27 and a beta of 0.80. The company has a 50 day simple moving average of $37.60 and a two-hundred day simple moving average of $37.03.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. On average, research analysts expect that Werner Enterprises will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Werner Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of WERN. FORA Capital LLC purchased a new position in shares of Werner Enterprises in the 3rd quarter valued at $380,000. Glenmede Trust Co. NA raised its stake in shares of Werner Enterprises by 111.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,543 shares of the transportation company’s stock worth $600,000 after acquiring an additional 8,188 shares in the last quarter. Townsquare Capital LLC lifted its position in Werner Enterprises by 4.8% during the third quarter. Townsquare Capital LLC now owns 52,959 shares of the transportation company’s stock valued at $2,044,000 after acquiring an additional 2,414 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Werner Enterprises by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 22,925 shares of the transportation company’s stock valued at $885,000 after acquiring an additional 8,746 shares in the last quarter. Finally, FMR LLC grew its holdings in Werner Enterprises by 171.8% in the third quarter. FMR LLC now owns 11,743 shares of the transportation company’s stock worth $453,000 after purchasing an additional 7,422 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors.

About Werner Enterprises

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.