Analysts Set Werner Enterprises, Inc. (NASDAQ:WERN) PT at $33.14

Werner Enterprises, Inc. (NASDAQ:WERN) has earned a consensus recommendation of “Reduce” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $33.1429.

A number of research analysts recently commented on WERN shares. TD Cowen boosted their price target on Werner Enterprises from $31.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of Werner Enterprises from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Friday, February 6th. Weiss Ratings restated a “sell (d)” rating on shares of Werner Enterprises in a research report on Monday, December 22nd. Stifel Nicolaus raised their target price on shares of Werner Enterprises from $26.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. Finally, Susquehanna boosted their price target on shares of Werner Enterprises from $23.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th.

Werner Enterprises Stock Up 1.8%

WERN opened at $33.21 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -138.38, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.90 and a current ratio of 1.94. The firm’s fifty day moving average is $32.57 and its 200 day moving average is $29.02. Werner Enterprises has a fifty-two week low of $23.02 and a fifty-two week high of $38.45.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The business had revenue of $737.64 million for the quarter, compared to the consensus estimate of $767.51 million. Werner Enterprises had a negative net margin of 0.48% and a positive return on equity of 0.04%. Werner Enterprises’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. On average, sell-side analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its position in Werner Enterprises by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,791,148 shares of the transportation company’s stock worth $99,782,000 after purchasing an additional 24,204 shares during the last quarter. First Trust Advisors LP raised its stake in Werner Enterprises by 5.7% during 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 purchasing an additional 165,233 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in Werner Enterprises by 4.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,750,034 shares of the transportation company’s stock valued at $82,529,000 after purchasing an additional 120,343 shares during the last quarter. Finally, State Street Corp lifted its position in Werner Enterprises by 0.9% during the fourth quarter. State Street Corp now owns 2,490,661 shares of the transportation company’s stock valued at $74,745,000 after purchasing an additional 22,075 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

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.