Werner Enterprises (NASDAQ:WERN) Raised to Positive at Susquehanna Bancshares

Werner Enterprises (NASDAQ:WERNGet Rating) was upgraded by stock analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a report issued on Tuesday, Stock Target Advisor reports. The brokerage currently has a $46.00 price target on the transportation company’s stock. Susquehanna Bancshares’ price target would indicate a potential upside of 16.13% from the stock’s current price.

WERN has been the subject of a number of other reports. StockNews.com started coverage on shares of Werner Enterprises in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Susquehanna upgraded shares of Werner Enterprises from a “neutral” rating to a “positive” rating and dropped their target price for the stock from $49.00 to $46.00 in a research report on Tuesday. Wells Fargo & Company upgraded shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $38.00 to $46.00 in a research report on Thursday, March 24th. Barclays dropped their target price on shares of Werner Enterprises from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, January 14th. Finally, Stephens lowered shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $56.00 to $47.00 in a research report on Friday, April 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.00.

WERN opened at $39.61 on Tuesday. The company has a quick ratio of 2.31, a current ratio of 2.35 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $41.28 and a 200-day moving average price of $44.14. Werner Enterprises has a twelve month low of $36.29 and a twelve month high of $49.76. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 3.15 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERNGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The transportation company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.17. Werner Enterprises had a net margin of 9.47% and a return on equity of 18.18%. The firm had revenue of $765.22 million during the quarter, compared to analysts’ expectations of $725.09 million. During the same period in the previous year, the company earned $0.89 earnings per share. As a group, analysts expect that Werner Enterprises will post 3.88 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its stake in Werner Enterprises by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,929 shares of the transportation company’s stock worth $616,000 after buying an additional 234 shares during the period. O Shares Investment Advisers LLC boosted its stake in Werner Enterprises by 2.3% in the 4th quarter. O Shares Investment Advisers LLC now owns 11,786 shares of the transportation company’s stock worth $562,000 after purchasing an additional 268 shares in the last quarter. Securian Asset Management Inc. raised its position in Werner Enterprises by 5.7% during the 3rd quarter. Securian Asset Management Inc. now owns 5,544 shares of the transportation company’s stock worth $245,000 after buying an additional 301 shares during the last quarter. J2 Capital Management Inc increased its holdings in shares of Werner Enterprises by 5.5% during the 1st quarter. J2 Capital Management Inc now owns 6,555 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 340 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. increased its holdings in Werner Enterprises by 0.3% in the 4th quarter. Speece Thorson Capital Group Inc. now owns 105,399 shares of the transportation company’s stock worth $5,023,000 after acquiring an additional 345 shares in the last quarter. 86.17% of the stock is currently owned by institutional investors.

Werner Enterprises Company Profile (Get Rating)

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.

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