Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $38.00 at Barclays

Werner Enterprises (NASDAQ:WERN) had its target price dropped by equities research analysts at Barclays from $40.00 to $38.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 10.34% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on WERN. Morgan Stanley reduced their price target on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Friday, January 3rd. TD Cowen increased their target price on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their target price on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.29.

Werner Enterprises Stock Down 0.6 %

Shares of NASDAQ:WERN traded down $0.21 during trading on Friday, hitting $34.44. 1,271,839 shares of the company were exchanged, compared to its average volume of 738,950. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The firm’s 50 day moving average price is $37.08 and its 200-day moving average price is $37.55. The stock has a market capitalization of $2.13 billion, a P/E ratio of 47.18, a PEG ratio of 15.87 and a beta of 0.84. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data 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 1.48% and a return on equity of 3.58%. On average, research analysts predict that Werner Enterprises will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Large investors have recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in shares of Werner Enterprises by 68.0% in the 4th quarter. AlphaQuest LLC now owns 25,694 shares of the transportation company’s stock valued at $923,000 after purchasing an additional 10,396 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Werner Enterprises by 37.8% in the fourth quarter. Edgestream Partners L.P. now owns 115,842 shares of the transportation company’s stock valued at $4,161,000 after buying an additional 31,757 shares during the period. Raymond James Financial Inc. bought a new stake in Werner Enterprises in the fourth quarter valued at about $2,791,000. Arizona State Retirement System increased its stake in shares of Werner Enterprises by 3.4% in the 4th quarter. Arizona State Retirement System now owns 17,937 shares of the transportation company’s stock valued at $644,000 after acquiring an additional 590 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in Werner Enterprises by 16.3% in the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company’s stock worth $340,000 after purchasing an additional 1,329 shares during the period. Institutional investors and hedge funds 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.