Werner Enterprises (NASDAQ:WERN) Stock Rating Upgraded by StockNews.com

Werner Enterprises (NASDAQ:WERN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other analysts have also recently commented on the company. Wells Fargo & Company reduced their price target on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a report on Friday. Stifel Nicolaus raised their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Barclays reduced their price target on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday. Susquehanna raised Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Friday, January 3rd. Finally, Evercore ISI reduced their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.29.

Werner Enterprises Stock Up 2.3 %

Shares of WERN traded up $0.81 during mid-day trading on Tuesday, reaching $35.35. The company’s stock had a trading volume of 962,733 shares, compared to its average volume of 761,535. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $42.48. The stock has a market cap of $2.18 billion, a PE ratio of 64.27, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The company’s 50 day moving average is $36.73 and its 200 day moving average is $37.49.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.26% and a net margin of 1.13%. Equities analysts anticipate that Werner Enterprises will post 1.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently modified their holdings of WERN. Nuance Investments LLC lifted its holdings in Werner Enterprises by 24.5% during the 3rd quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock worth $152,195,000 after buying an additional 776,277 shares during the last quarter. American Century Companies Inc. lifted its holdings in Werner Enterprises by 13.4% during the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after buying an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after buying an additional 143,953 shares during the last quarter. abrdn plc lifted its holdings in Werner Enterprises by 26.9% during the 3rd quarter. abrdn plc now owns 497,430 shares of the transportation company’s stock worth $19,196,000 after buying an additional 105,488 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Werner Enterprises during the 4th quarter worth approximately $2,791,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

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.