Barclays Forecasts Strong Price Appreciation for Werner Enterprises (NASDAQ:WERN) Stock

Werner Enterprises (NASDAQ:WERN) had its price target increased by Barclays from $36.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target points to a potential downside of 2.37% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Morgan Stanley lowered their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Susquehanna cut their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company lowered their price target on shares of Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Evercore ISI cut their price objective on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.57.

Werner Enterprises Price Performance

Shares of NASDAQ WERN traded down $0.42 during midday trading on Wednesday, reaching $40.97. The company’s stock had a trading volume of 116,429 shares, compared to its average volume of 752,225. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 56.48, a price-to-earnings-growth ratio of 16.27 and a beta of 0.80. Werner Enterprises has a one year low of $33.12 and a one year high of $43.26. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $37.53 and a 200 day moving average price of $37.01.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. During the same period in the prior year, the business earned $0.42 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts expect that Werner Enterprises will post 0.69 EPS for the current year.

Institutional Trading of Werner Enterprises

Several institutional investors have recently bought and sold shares of WERN. Quantbot Technologies LP boosted its stake in shares of Werner Enterprises by 431.1% in the 3rd quarter. Quantbot Technologies LP now owns 20,049 shares of the transportation company’s stock valued at $774,000 after purchasing an additional 16,274 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Werner Enterprises by 6.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 680,673 shares of the transportation company’s stock valued at $26,267,000 after buying an additional 43,074 shares in the last quarter. Intech Investment Management LLC bought a new stake in Werner Enterprises during the third quarter worth about $630,000. Nuance Investments LLC increased its holdings in shares of Werner Enterprises by 24.5% during the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company’s stock worth $152,195,000 after buying an additional 776,277 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Werner Enterprises during the 3rd quarter valued at $378,000. 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.