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

Werner Enterprises (NASDAQ:WERN) had its price objective trimmed by Susquehanna from $30.00 to $28.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a negative rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the stock. UBS Group cut shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, July 9th. Stifel Nicolaus decreased their target price on shares of Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Wells Fargo & Company reduced their price objective on shares of Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI reduced their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.29.

Werner Enterprises Price Performance

NASDAQ:WERN opened at $37.31 on Friday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 51.11, a P/E/G ratio of 13.12 and a beta of 0.80. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $43.26. The stock’s 50 day moving average price is $37.10 and its two-hundred day moving average price is $36.77.

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

Institutional Trading of Werner Enterprises

Several hedge funds have recently modified their holdings of the company. State of New Jersey Common Pension Fund D raised its position in Werner Enterprises by 3.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 53,136 shares of the transportation company’s stock worth $2,051,000 after buying an additional 1,858 shares during the last quarter. Atria Investments Inc lifted its holdings in Werner Enterprises by 34.2% in the 3rd quarter. Atria Investments Inc now owns 8,150 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 2,079 shares in the last quarter. US Bancorp DE raised its holdings in shares of Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock worth $184,000 after acquiring an additional 3,489 shares during the period. Congress Asset Management Co. raised its holdings in shares of Werner Enterprises by 10.1% during the 3rd quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock worth $14,265,000 after acquiring an additional 33,891 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in Werner Enterprises by 13.9% in the third quarter. Diversify Wealth Management LLC now owns 7,434 shares of the transportation company’s stock valued at $279,000 after buying an additional 906 shares during the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.