Werner Enterprises (NASDAQ:WERN) PT Raised to $50.00

Werner Enterprises (NASDAQ:WERNGet Rating) had its target price lifted by equities researchers at Susquehanna Bancshares from $47.00 to $50.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. Susquehanna Bancshares’ price target points to a potential upside of 18.48% from the stock’s previous close.

Several other research firms have also commented on WERN. JPMorgan Chase & Co. boosted their price target on Werner Enterprises from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 12th. Wells Fargo & Company boosted their target price on Werner Enterprises from $38.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, July 15th. UBS Group dropped their target price on Werner Enterprises from $49.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Evercore ISI dropped their target price on Werner Enterprises from $46.00 to $42.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 12th. Finally, Susquehanna boosted their target price on Werner Enterprises from $47.00 to $50.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.92.

Werner Enterprises Trading Up 1.5 %

Shares of NASDAQ WERN opened at $42.20 on Thursday. The company has a quick ratio of 2.30, a current ratio of 2.34 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $39.98 and a two-hundred day simple moving average of $41.12. The firm has a market cap of $2.75 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.61 and a beta of 0.79. Werner Enterprises has a twelve month low of $36.29 and a twelve month high of $48.79.

Werner Enterprises (NASDAQ:WERNGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The firm had revenue of $764.60 million during the quarter, compared to analyst estimates of $754.14 million. Werner Enterprises had a return on equity of 18.73% and a net margin of 8.69%. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. Analysts expect that Werner Enterprises will post 4.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently modified their holdings of WERN. Yousif Capital Management LLC acquired a new position in shares of Werner Enterprises in the 4th quarter valued at about $1,545,000. Assenagon Asset Management S.A. raised its holdings in Werner Enterprises by 9.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 33,563 shares of the transportation company’s stock worth $1,600,000 after purchasing an additional 2,971 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Werner Enterprises by 4.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,985 shares of the transportation company’s stock worth $952,000 after purchasing an additional 778 shares during the period. Cim Investment Management Inc. raised its holdings in Werner Enterprises by 100.0% in the 4th quarter. Cim Investment Management Inc. now owns 9,064 shares of the transportation company’s stock worth $417,000 after purchasing an additional 4,532 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in Werner Enterprises by 131.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 515,169 shares of the transportation company’s stock worth $24,779,000 after purchasing an additional 292,249 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

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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