Werner Enterprises (NASDAQ:WERN) Price Target Cut to $38.00 by Analysts at Barclays

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price objective dropped by equities research analysts at Barclays from $40.00 to $38.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the transportation company's stock. Barclays's price target would indicate a potential upside of 7.50% from the company's current price.

Several other equities research analysts have also recently commented on WERN. Wells Fargo & Company dropped their price target on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a research report on Friday. Susquehanna raised Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price target on the stock in a research note on Friday, January 3rd. Morgan Stanley dropped their price target on Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Evercore ISI dropped their price target on Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 30th. Finally, TD Cowen lifted their price target on Werner Enterprises from $40.00 to $41.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Werner Enterprises currently has a consensus rating of "Hold" and an average target price of $37.29.

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Werner Enterprises Stock Performance

Shares of NASDAQ WERN traded up $0.81 during midday trading on Friday, reaching $35.35. 962,733 shares of the company traded hands, compared to its average volume of 761,535. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $42.48. The stock has a 50-day moving average price of $36.82 and a 200 day moving average price of $37.51. 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 company has a market cap of $2.18 billion, a price-to-earnings ratio of 64.27, a PEG ratio of 15.58 and a beta of 0.84.

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 the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.26% and a net margin of 1.13%. Sell-side analysts anticipate that Werner Enterprises will post 1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Large investors have recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in shares of Werner Enterprises in the 3rd quarter valued at approximately $485,000. Intech Investment Management LLC acquired a new stake in Werner Enterprises in the 3rd quarter worth approximately $630,000. Empower Advisory Group LLC lifted its holdings in Werner Enterprises by 4.8% in the 3rd quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company's stock worth $14,000,000 after purchasing an additional 16,637 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in Werner Enterprises by 31.1% in the 3rd quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company's stock worth $3,245,000 after purchasing an additional 19,944 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in Werner Enterprises by 19.8% in the 3rd quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company's stock worth $3,803,000 after purchasing an additional 16,280 shares during the last quarter. 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.