Werner Enterprises (NASDAQ:WERN) Shares Gap Up on Analyst Upgrade

Werner Enterprises, Inc. (NASDAQ:WERNGet Free Report)’s share price gapped up before the market opened on Wednesday after TD Cowen raised their price target on the stock from $40.00 to $43.00. The stock had previously closed at $40.21, but opened at $41.70. TD Cowen currently has an outperform rating on the stock. Werner Enterprises shares last traded at $41.40, with a volume of 91,516 shares changing hands.

A number of other research firms also recently issued reports on WERN. Stifel Nicolaus lifted their price objective on Werner Enterprises from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. TheStreet downgraded Werner Enterprises from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. JPMorgan Chase & Co. reduced their price objective on Werner Enterprises from $41.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Bank of America downgraded Werner Enterprises from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $47.00 to $37.00 in a research note on Thursday, October 19th. Finally, Stephens reduced their price objective on Werner Enterprises from $52.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.56.

Check Out Our Latest Research Report on WERN

Hedge Funds Weigh In On Werner Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in WERN. Dark Forest Capital Management LP bought a new position in shares of Werner Enterprises during the 1st quarter worth $26,000. Blue Trust Inc. boosted its position in Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 410 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Werner Enterprises by 135.2% during the fourth quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 472 shares in the last quarter. Headlands Technologies LLC bought a new stake in Werner Enterprises during the third quarter valued at about $36,000. Finally, Planned Solutions Inc. bought a new stake in Werner Enterprises during the fourth quarter valued at about $57,000. Institutional investors own 85.10% of the company’s stock.

Werner Enterprises Stock Performance

The business has a 50-day moving average of $41.00 and a two-hundred day moving average of $40.68. The company has a market cap of $2.67 billion, a P/E ratio of 18.05, a P/E/G ratio of 5.45 and a beta of 0.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.96 and a quick ratio of 1.90.

Werner Enterprises (NASDAQ:WERNGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a net margin of 4.48% and a return on equity of 10.87%. The company had revenue of $821.90 million for the quarter, compared to the consensus estimate of $820.90 million. During the same period in the previous year, the business earned $0.99 EPS. Werner Enterprises’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Werner Enterprises, Inc. will post 1.97 EPS for the current fiscal year.

Werner Enterprises Company Profile

(Get Free Report)

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.

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