Werner Enterprises (NASDAQ:WERN) Given New $41.00 Price Target at TD Cowen

Werner Enterprises (NASDAQ:WERN) had its price objective reduced by equities research analysts at TD Cowen from $43.00 to $41.00 in a report issued on Wednesday. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price suggests a potential upside of 7.02% from the company’s previous close.

Several other research analysts have also weighed in on WERN. JPMorgan Chase & Co. boosted 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. Morgan Stanley upped their target price on shares of Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Citigroup raised their target price on shares of Werner Enterprises from $37.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their price target on Werner Enterprises from $39.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Finally, Evercore raised Werner Enterprises from an “underperform” rating to an “in-line” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.46.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $38.31 on Wednesday. The company has a fifty day moving average price of $42.74 and a 200 day moving average price of $36.40. The firm has a market cap of $2.30 billion, a PE ratio of -255.40, a PEG ratio of 0.79 and a beta of 1.26. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. Werner Enterprises has a 1-year low of $23.06 and a 1-year high of $47.49.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. Research analysts predict that Werner Enterprises will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its position in shares of Werner Enterprises by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock worth $914,000 after purchasing an additional 336 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Werner Enterprises by 0.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after buying an additional 401 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Werner Enterprises by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock worth $1,758,000 after acquiring an additional 503 shares during the period. California State Teachers Retirement System increased its stake in Werner Enterprises by 1.1% in the second quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock valued at $1,560,000 after acquiring an additional 601 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Werner Enterprises by 21.5% in the 2nd quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 675 shares during the last quarter. 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.