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

Werner Enterprises (NASDAQ:WERN - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Thursday.

A number of other analysts also recently commented on WERN. Evercore ISI decreased their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an "in-line" rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus boosted their price objective on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley decreased their price objective on shares of Werner Enterprises from $55.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Werner Enterprises from $37.00 to $34.00 and set an "underweight" rating on the stock in a report on Wednesday, October 30th. Finally, Susquehanna raised shares of Werner Enterprises from a "negative" rating to a "neutral" rating and set a $38.00 price objective on the stock in a report on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Werner Enterprises presently has an average rating of "Hold" and an average price target of $37.29.

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Werner Enterprises Stock Performance

Shares of NASDAQ:WERN traded down $0.37 during midday trading on Thursday, hitting $33.70. The stock had a trading volume of 918,317 shares, compared to its average volume of 668,993. The company has a market capitalization of $2.08 billion, a PE ratio of 61.27 and a beta of 0.84. The stock has a 50 day moving average price of $35.91 and a two-hundred day moving average price of $37.28. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Werner Enterprises has a 1 year low of $32.39 and a 1 year high of $42.48.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, equities analysts predict that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

A number of institutional investors have recently modified their holdings of WERN. Maple Rock Capital Partners Inc. acquired a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $35,257,000. Wellington Management Group LLP acquired a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $31,634,000. Nuance Investments LLC raised its position in shares of Werner Enterprises by 24.5% in the third quarter. Nuance Investments LLC now owns 3,943,893 shares of the transportation company's stock valued at $152,195,000 after buying an additional 776,277 shares during the last quarter. American Century Companies Inc. raised its position in shares of Werner Enterprises by 13.4% in 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. Finally, Allspring Global Investments Holdings LLC increased its position 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 purchasing an additional 143,953 shares during the last quarter. 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.