Susquehanna Issues Pessimistic Forecast for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price target lowered by research analysts at Susquehanna from $39.00 to $32.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 7.38% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Wells Fargo & Company dropped their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 target price for the company. Barclays reduced their price target on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Stifel Nicolaus lifted their price target on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.13.

Werner Enterprises Stock Performance

Shares of NASDAQ:WERN opened at $29.80 on Wednesday. The business has a 50-day moving average price of $33.38 and a two-hundred day moving average price of $36.27. The stock has a market capitalization of $1.84 billion, a P/E ratio of 54.18 and a beta of 0.85. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises has a 1-year low of $28.77 and a 1-year high of $42.48.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Equities analysts predict that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

Large investors have recently modified their holdings of the stock. Maple Rock Capital Partners Inc. purchased a new stake in Werner Enterprises during the fourth quarter worth approximately $35,257,000. Wellington Management Group LLP acquired a new position in Werner Enterprises during the fourth quarter worth $31,634,000. American Century Companies Inc. raised its position in shares of Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock valued at $71,380,000 after buying an additional 234,811 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Werner Enterprises by 9.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after purchasing an additional 143,953 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Werner Enterprises by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 210,389 shares of the transportation company’s stock worth $7,557,000 after purchasing an additional 124,574 shares during the period. Hedge funds and other institutional investors 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.