Werner Enterprises (NASDAQ:WERN) Upgraded by Susquehanna to Neutral Rating

Werner Enterprises (NASDAQ:WERN) was upgraded by equities researchers at Susquehanna from a “negative” rating to a “neutral” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm currently has a $38.00 target price on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 3.40% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Citigroup started coverage on Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective on the stock. Evercore ISI lowered their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Barclays increased their target price on shares of Werner Enterprises from $36.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus dropped their price target on shares of Werner Enterprises from $33.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.29.

Werner Enterprises Stock Up 3.4 %

Shares of WERN opened at $36.75 on Friday. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $42.48. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $38.66 and a two-hundred day simple moving average of $37.49. The company has a market capitalization of $2.27 billion, a PE ratio of 50.34, a price-to-earnings-growth ratio of 33.43 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last issued 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). The firm had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. Werner Enterprises’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. As a group, equities analysts forecast that Werner Enterprises will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

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 in the second quarter valued at $29,000. Quest Partners LLC acquired a new stake in shares of Werner Enterprises in the 2nd quarter valued at about $30,000. GAMMA Investing LLC boosted its position in shares of Werner Enterprises by 145.7% in the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 475 shares during the period. International Assets Investment Management LLC grew its stake in Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock worth $60,000 after buying an additional 1,482 shares during the last quarter. Finally, KBC Group NV increased its position in Werner Enterprises by 43.1% during the third 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 period. Institutional investors and hedge funds 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.