Werner Enterprises (NASDAQ:WERN) Given “Negative” Rating at Susquehanna

Werner Enterprises (NASDAQ:WERN)‘s stock had its “negative” rating reiterated by analysts at Susquehanna in a note issued to investors on Monday, MarketBeat reports. They presently have a $27.00 price objective on the transportation company’s stock, down from their previous price objective of $32.00. Susquehanna’s price target would suggest a potential downside of 23.08% from the company’s previous close.

A number of other research analysts also recently issued reports on WERN. Stephens restated an “equal weight” rating and issued a $40.00 price target on shares of Werner Enterprises in a research report on Thursday, May 16th. Evercore ISI reduced their price target on shares of Werner Enterprises from $39.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird reduced their price target on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Barclays reduced their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and an average price target of $39.25.

Werner Enterprises Trading Down 1.4 %

NASDAQ WERN opened at $35.10 on Monday. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $47.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.85. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.83. The company’s fifty day moving average price is $36.36 and its two-hundred day moving average price is $38.67.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The company had revenue of $769.08 million for the quarter, compared to the consensus estimate of $788.30 million. During the same quarter last year, the company earned $0.60 earnings per share. The company’s revenue was down 7.6% compared to the same quarter last year. As a group, research analysts predict that Werner Enterprises will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in shares of Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Werner Enterprises in the first quarter worth about $43,000. Planned Solutions Inc. acquired a new position in shares of Werner Enterprises in the fourth quarter worth about $57,000. Headlands Technologies LLC acquired a new position in shares of Werner Enterprises in the first quarter worth about $84,000. Finally, Hills Bank & Trust Co acquired a new position in shares of Werner Enterprises in the fourth quarter worth about $106,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

Werner Enterprises Company Profile

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.