Werner Enterprises (NASDAQ:WERN) Raised to “Neutral” at Susquehanna

Werner Enterprises (NASDAQ:WERN) was upgraded by investment analysts at Susquehanna from a “negative” rating to a “neutral” rating in a research note issued on Friday, MarketBeat.com reports. The firm currently has a $38.00 target price on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 3.40% from the company’s current price.

WERN has been the topic of several other research reports. Stifel Nicolaus dropped their target price on Werner Enterprises from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. TD Cowen raised their price objective on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. 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. Finally, Citigroup initiated coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective on the stock. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.29.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $36.75 on Friday. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $42.48. The stock’s fifty day moving average price is $38.66 and its 200-day moving average price is $37.49. The firm has a market cap of $2.27 billion, a P/E ratio of 50.34, a P/E/G ratio of 33.43 and a beta of 0.84. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS 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 for the quarter, compared to analysts’ expectations of $765.24 million. During the same period last year, the business posted $0.42 EPS. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities research analysts expect that Werner Enterprises will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new position in Werner Enterprises during the second quarter worth $29,000. Quest Partners LLC purchased a new stake in shares of Werner Enterprises during the second quarter worth about $30,000. GAMMA Investing LLC raised its position in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after purchasing an additional 475 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Werner Enterprises by 2,390.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,482 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Werner Enterprises by 43.1% in the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after buying an additional 624 shares during 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.