Werner Enterprises (NASDAQ:WERN) Price Target Cut to $32.00 by Analysts at Barclays

Werner Enterprises (NASDAQ:WERN) had its price objective reduced by equities researchers at Barclays from $38.00 to $32.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 9.05% from the stock’s current price.

A number of other analysts also recently weighed in on WERN. Wells Fargo & Company decreased their price objective on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Susquehanna decreased their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price target on the stock. Stifel Nicolaus increased their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $35.73.

Werner Enterprises Price Performance

Shares of WERN stock traded up $0.01 during trading on Wednesday, hitting $29.35. The company had a trading volume of 29,573 shares, compared to its average volume of 761,685. The stock’s 50-day moving average price is $32.93 and its 200 day moving average price is $36.11. Werner Enterprises has a one year low of $28.62 and a one year high of $42.48. 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 capitalization of $1.82 billion, a P/E ratio of 53.45 and a beta of 0.85.

Werner Enterprises (NASDAQ:WERN) last posted 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 expect that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Werner Enterprises by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after acquiring an additional 32,228 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Werner Enterprises by 0.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock worth $76,211,000 after purchasing an additional 19,370 shares in the last quarter. American Century Companies Inc. grew its stake in Werner Enterprises by 13.4% in the 4th 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 in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of 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 during the period. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of Werner Enterprises during the 4th quarter valued at $35,257,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.