Werner Enterprises (NASDAQ:WERN) Lowered to Sell Rating by Wall Street Zen

Werner Enterprises (NASDAQ:WERN) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Other equities analysts have also recently issued reports about the stock. TD Cowen raised their target price on shares of Werner Enterprises from $31.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Werner Enterprises in a report on Monday, December 22nd. JPMorgan Chase & Co. decreased their target price on Werner Enterprises from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Friday, February 6th. UBS Group raised their price target on Werner Enterprises from $25.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Finally, Susquehanna lifted their price objective on Werner Enterprises from $23.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $33.14.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $33.21 on Friday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -138.38, a PEG ratio of 0.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.94 and a quick ratio of 1.90. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $38.45. The company has a fifty day moving average price of $32.57 and a 200-day moving average price of $29.01.

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

Institutional Trading of Werner Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in WERN. Elevation Point Wealth Partners LLC bought a new position in Werner Enterprises during the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Werner Enterprises by 57.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 373 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Werner Enterprises by 289.5% during the third 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 in the last quarter. Covestor Ltd increased its holdings in Werner Enterprises by 42.0% during the third quarter. Covestor Ltd now owns 2,542 shares of the transportation company’s stock valued at $67,000 after buying an additional 752 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Werner Enterprises by 41.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after buying an additional 679 shares during the period. 89.32% of the stock is currently owned by institutional investors.

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.