Werner Enterprises (NASDAQ:WERN) Given New $30.00 Price Target at UBS Group

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price objective dropped by investment analysts at UBS Group from $36.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. UBS Group's price target indicates a potential upside of 5.95% from the stock's previous close.

Several other brokerages have also recently weighed in on WERN. Barclays dropped their target price on Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus dropped their target price on shares of Werner Enterprises from $35.00 to $29.00 and set a "hold" rating for the company in a report on Monday, April 14th. Susquehanna dropped their target price on shares of Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating for the company in a research report on Wednesday, March 26th. StockNews.com downgraded shares of Werner Enterprises from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 target price on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $34.07.

Werner Enterprises Price Performance

Shares of NASDAQ WERN traded up $0.22 during mid-day trading on Tuesday, reaching $28.32. 297,165 shares of the company were exchanged, compared to its average volume of 796,579. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The company's 50 day moving average price is $30.42 and its 200 day moving average price is $35.09. Werner Enterprises has a 52 week low of $26.50 and a 52 week high of $42.48. The stock has a market capitalization of $1.75 billion, a PE ratio of 51.48 and a beta of 1.06.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results 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 1.13% and a return on equity of 2.27%. Sell-side analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock valued at $241,758,000 after acquiring an additional 32,228 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position 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 buying an additional 19,370 shares in the last quarter. American Century Companies Inc. boosted its stake in Werner Enterprises by 13.4% during the fourth 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 during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in 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 buying an additional 143,953 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new stake in Werner Enterprises in the 4th quarter worth approximately $35,257,000. Institutional investors 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.

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