Susquehanna Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $28.00

Werner Enterprises (NASDAQ:WERN) had its price objective reduced by stock analysts at Susquehanna from $30.00 to $28.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “negative” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential downside of 25.41% from the company’s previous close.

WERN has been the topic of a number of other reports. UBS Group cut Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. Citigroup began coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective for the company. TD Cowen increased their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group cut their price target on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $36.36.

Werner Enterprises Trading Up 1.8 %

WERN opened at $37.54 on Friday. The business has a fifty day moving average price of $37.10 and a 200 day moving average price of $36.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.64. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $43.26. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 51.42, a PEG ratio of 13.12 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. Sell-side analysts expect that Werner Enterprises will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of Werner Enterprises

A number of hedge funds have recently added to or reduced their stakes in WERN. First Eagle Investment Management LLC increased its holdings in shares of Werner Enterprises by 34.9% in the first quarter. First Eagle Investment Management LLC now owns 327,948 shares of the transportation company’s stock valued at $12,829,000 after purchasing an additional 84,800 shares during the period. AQR Capital Management LLC increased its stake in Werner Enterprises by 65.5% in the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after buying an additional 348,154 shares during the period. Quantbot Technologies LP raised its position in Werner Enterprises by 542.7% during the 1st quarter. Quantbot Technologies LP now owns 32,963 shares of the transportation company’s stock worth $1,290,000 after buying an additional 27,834 shares during the last quarter. Raymond James & Associates raised its position in Werner Enterprises by 14.8% during the 2nd quarter. Raymond James & Associates now owns 252,504 shares of the transportation company’s stock worth $9,047,000 after buying an additional 32,503 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Werner Enterprises by 90.8% in the 1st quarter. Jane Street Group LLC now owns 176,164 shares of the transportation company’s stock worth $6,892,000 after acquiring an additional 83,819 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

About Werner Enterprises

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.