Werner Enterprises (NASDAQ:WERN) Price Target Raised to $33.00

Werner Enterprises (NASDAQ:WERN) had its target price lifted by UBS Group from $25.00 to $33.00 in a report published on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

WERN has been the topic of several other reports. TD Cowen lifted their target price on shares of Werner Enterprises from $31.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Werner Enterprises from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Friday, February 6th. Evercore raised their target price on Werner Enterprises from $20.00 to $31.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 13th. Finally, Morgan Stanley upped their price target on Werner Enterprises from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $33.14.

Werner Enterprises Stock Down 5.3%

WERN stock opened at $32.61 on Tuesday. The company’s 50 day moving average is $32.50 and its 200 day moving average is $28.97. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -135.88, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The company has a current ratio of 1.94, a quick ratio of 1.90 and a debt-to-equity ratio of 0.55. Werner Enterprises has a 1-year low of $23.02 and a 1-year high of $38.45.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, February 5th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). Werner Enterprises had a positive return on equity of 0.04% and a negative net margin of 0.48%.The company had revenue of $737.64 million during the quarter, compared to analysts’ expectations of $767.51 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Sell-side analysts predict that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

A number of hedge funds have recently modified their holdings of WERN. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Werner Enterprises in the 4th quarter worth approximately $34,201,000. Balyasny Asset Management L.P. purchased a new stake in shares of Werner Enterprises in the second quarter worth $12,972,000. First Trust Advisors LP grew its stake in shares of Werner Enterprises by 17.2% in the second quarter. First Trust Advisors LP now owns 2,893,705 shares of the transportation company’s stock worth $79,172,000 after acquiring an additional 424,935 shares during the last quarter. UBS Group AG increased its holdings in shares of Werner Enterprises by 180.8% during the fourth quarter. UBS Group AG now owns 578,761 shares of the transportation company’s stock valued at $17,369,000 after acquiring an additional 372,629 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Werner Enterprises by 222.8% in the 3rd quarter. Two Sigma Investments LP now owns 339,589 shares of the transportation company’s stock worth $8,938,000 after purchasing an additional 234,394 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.