Werner Enterprises (NASDAQ:WERN) Stock Rating Upgraded by StockNews.com

Werner Enterprises (NASDAQ:WERN) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

WERN has been the topic of a number of other research reports. Wells Fargo & Company dropped their price objective on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Morgan Stanley cut 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 note on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price for the company in a research note on Friday, January 3rd. Finally, Barclays reduced their price target on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.29.

Werner Enterprises Price Performance

Shares of WERN stock opened at $34.51 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $42.48. The firm has a fifty day moving average of $36.62 and a 200-day moving average of $37.47. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 62.75, a price-to-earnings-growth ratio of 15.58 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.26%. On average, equities research analysts forecast that Werner Enterprises will post 1.31 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in Werner Enterprises by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock valued at $222,000 after buying an additional 274 shares during the last quarter. Keybank National Association OH boosted its stake in Werner Enterprises by 1.5% during the fourth quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after buying an additional 305 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Werner Enterprises by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock valued at $1,922,000 after buying an additional 359 shares during the last quarter. GAMMA Investing LLC boosted its stake in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Werner Enterprises by 64.7% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares during the period. 89.32% of the stock is currently owned by 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.