Werner Enterprises (NASDAQ:WERN) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Werner Enterprises (NASDAQ:WERN - Free Report) from a sell rating to a hold rating in a report released on Tuesday.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Barclays dropped their price objective on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. TD Cowen increased 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. Wells Fargo & Company dropped their price objective on shares of Werner Enterprises from $36.00 to $34.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $37.29.

Remove Ads

Werner Enterprises Stock Up 1.2 %

Shares of WERN stock traded up $0.40 during trading hours on Tuesday, hitting $34.81. 540,262 shares of the company were exchanged, compared to its average volume of 727,006. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. Werner Enterprises has a one year low of $33.12 and a one year high of $42.48. The business's 50-day simple moving average is $36.43 and its two-hundred day simple moving average is $37.41. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 63.29, a P/E/G 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 predict that Werner Enterprises will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WERN. Vanguard Group Inc. boosted its holdings in Werner Enterprises by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock worth $241,758,000 after buying an additional 32,228 shares in the last quarter. Nuance Investments LLC boosted its holdings in Werner Enterprises by 24.5% during the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company's stock worth $152,195,000 after buying an additional 776,277 shares in the last quarter. American Century Companies Inc. boosted its holdings 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 worth $71,380,000 after buying an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Werner Enterprises by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock worth $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 during the fourth quarter worth approximately $35,257,000. 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.