Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $38.00 at Barclays

Werner Enterprises (NASDAQ:WERN) had its price target dropped by research analysts at Barclays from $40.00 to $38.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential upside of 10.34% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upped their price target on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday. Morgan Stanley decreased their target price on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lowered their target price 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. Finally, JPMorgan Chase & Co. lowered their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.29.

Werner Enterprises Price Performance

Shares of NASDAQ WERN traded down $0.21 during midday trading on Friday, reaching $34.44. 1,271,839 shares of the company traded hands, compared to its average volume of 738,950. The firm has a market cap of $2.13 billion, a PE ratio of 47.18, a PEG ratio of 15.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. The stock’s 50-day simple moving average is $37.08 and its 200-day simple moving average is $37.55. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released 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 net margin of 1.48% and a return on equity of 3.58%. As a group, equities analysts anticipate that Werner Enterprises will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. raised its holdings in shares of 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 last quarter. International Assets Investment Management LLC lifted its holdings in shares of Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,482 shares during the period. KBC Group NV lifted its stake in shares of Werner Enterprises by 43.1% in the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after purchasing an additional 624 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Werner Enterprises in the 3rd quarter worth $96,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.