Werner Enterprises (NASDAQ:WERN) Rating Increased to In-Line at Evercore

Werner Enterprises (NASDAQ:WERN) was upgraded by analysts at Evercore from an “underperform” rating to an “in-line” rating in a report released on Wednesday.

Several other analysts have also issued reports on the company. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. TD Cowen lifted their target price on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. UBS Group upped their price objective on Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Citigroup raised their target price on shares of Werner Enterprises from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $37.77.

Werner Enterprises Trading Down 0.3%

Shares of NASDAQ:WERN opened at $43.61 on Wednesday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -290.73, a PEG ratio of 0.92 and a beta of 1.26. The company’s fifty day simple moving average is $39.35 and its 200 day simple moving average is $34.56. Werner Enterprises has a 12 month low of $23.06 and a 12 month high of $45.27. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66.

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

Institutional Investors Weigh In On Werner Enterprises

A number of institutional investors have recently made changes to their positions in WERN. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Werner Enterprises during the 4th quarter worth approximately $34,201,000. American Century Companies Inc. raised its holdings in shares of Werner Enterprises by 5.4% in the 3rd quarter. American Century Companies Inc. now owns 2,404,508 shares of the transportation company’s stock worth $63,287,000 after acquiring an additional 123,513 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Werner Enterprises in the third quarter worth approximately $4,062,000. Thrivent Financial for Lutherans lifted its stake in Werner Enterprises by 17.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 205,654 shares of the transportation company’s stock valued at $6,172,000 after acquiring an additional 30,812 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in shares of 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 in the last quarter. 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.