Werner Enterprises, Inc. (NASDAQ:WERN) Given Consensus Rating of “Reduce” by Analysts

Werner Enterprises, Inc. (NASDAQ:WERN) has received an average rating of “Reduce” from the fifteen research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $33.1429.

Several equities research analysts recently issued reports on WERN shares. Robert W. Baird raised Werner Enterprises from an “underperform” rating to a “neutral” rating and set a $34.00 price objective for the company in a research note on Thursday, January 29th. Citigroup restated a “sell” rating and issued a $34.00 target price on shares of Werner Enterprises in a research note on Friday, February 6th. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Wells Fargo & Company boosted their price objective on Werner Enterprises from $34.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Werner Enterprises from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Friday, February 6th.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $32.61 on Friday. The company has a 50 day moving average of $32.50 and a 200 day moving average of $28.97. The company has a current ratio of 1.94, a quick ratio of 1.90 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.95 billion, a P/E ratio of -135.88, a P/E/G ratio of 0.81 and a beta of 1.08. Werner Enterprises has a 12 month low of $23.02 and a 12 month high of $38.45.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new stake in Werner Enterprises during the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Werner Enterprises by 57.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock worth $28,000 after purchasing an additional 373 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Werner Enterprises by 289.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,293 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 961 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Werner Enterprises by 41.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after buying an additional 679 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Werner Enterprises by 49.0% in the 4th quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock worth $73,000 after buying an additional 799 shares during the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

Werner Enterprises Company Profile

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.