Werner Enterprises (NASDAQ:WERN) Stock Rating Upgraded by Citigroup

Werner Enterprises (NASDAQ:WERN) was upgraded by research analysts at Citigroup from a “sell” rating to a “neutral” rating in a report released on Tuesday, MarketBeat reports. The firm presently has a $29.00 target price on the transportation company’s stock, down from their previous target price of $32.00. Citigroup’s target price points to a potential upside of 0.73% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Barclays cut their price target on shares of Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Susquehanna reduced their target price on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price target on the stock. Wells Fargo & Company dropped their price objective on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Finally, StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Five equities research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.40.

Werner Enterprises Trading Up 6.0 %

NASDAQ:WERN opened at $28.79 on Tuesday. Werner Enterprises has a 52 week low of $26.50 and a 52 week high of $42.48. The firm has a 50-day moving average price of $31.48 and a two-hundred day moving average price of $35.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 52.35 and a beta of 1.06.

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

Institutional Investors Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Werner Enterprises by 1,119.4% in the 1st quarter. GAMMA Investing LLC now owns 12,511 shares of the transportation company’s stock worth $367,000 after acquiring an additional 11,485 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Werner Enterprises by 69.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock worth $34,000 after purchasing an additional 483 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Werner Enterprises in the fourth quarter valued at approximately $31,634,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Werner Enterprises by 14.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,453 shares of the transportation company’s stock valued at $4,542,000 after purchasing an additional 16,366 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in Werner Enterprises by 70.5% in the 4th quarter. Squarepoint Ops LLC now owns 55,917 shares of the transportation company’s stock worth $2,009,000 after buying an additional 23,120 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

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.