Werner Enterprises (NASDAQ:WERN) Given New $32.00 Price Target at Susquehanna

Werner Enterprises (NASDAQ:WERN) had its price target reduced by Susquehanna from $39.00 to $32.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 6.77% from the stock’s previous close.

Several other research analysts have also commented on WERN. Wells Fargo & Company decreased their target price on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Barclays lowered their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. Finally, Stifel Nicolaus raised their target price 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. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and an average price target of $36.60.

Werner Enterprises Price Performance

WERN stock opened at $29.97 on Wednesday. The stock’s 50 day moving average is $33.67 and its two-hundred day moving average is $36.36. Werner Enterprises has a 52-week low of $28.77 and a 52-week high of $42.48. The company has a market capitalization of $1.85 billion, a PE ratio of 54.49 and a beta of 0.85. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Werner Enterprises in the 4th quarter valued at about $39,000. Blue Trust Inc. lifted its stake in shares of Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after acquiring an additional 514 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Werner Enterprises by 796.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 1,513 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Werner Enterprises by 35.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 639 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Werner Enterprises during the third quarter worth approximately $96,000. 89.32% of the stock is owned by institutional investors and hedge funds.

About Werner Enterprises

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.