Barclays Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $32.00

Werner Enterprises (NASDAQ:WERN) had its target price cut by Barclays from $38.00 to $32.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price target indicates a potential upside of 9.05% from the stock’s current price.

Several other equities analysts have also issued reports on WERN. Wells Fargo & Company decreased their target price on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Susquehanna dropped their price objective on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. StockNews.com raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft began coverage on Werner Enterprises in a report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.73.

Werner Enterprises Price Performance

NASDAQ WERN traded up $0.01 during trading on Wednesday, reaching $29.35. 29,573 shares of the company traded hands, compared to its average volume of 761,685. The stock’s 50 day moving average price is $32.93 and its two-hundred day moving average price is $36.11. Werner Enterprises has a 1-year low of $28.62 and a 1-year high of $42.48. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 53.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52.

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 analysts’ consensus estimates 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, analysts anticipate that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Trading of Werner Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB lifted its position in Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock worth $34,000 after acquiring an additional 483 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Werner Enterprises during the fourth quarter worth approximately $31,634,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Werner Enterprises by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,453 shares of the transportation company’s stock worth $4,542,000 after purchasing an additional 16,366 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Werner Enterprises by 70.5% in the 4th quarter. Squarepoint Ops LLC now owns 55,917 shares of the transportation company’s stock valued at $2,009,000 after purchasing an additional 23,120 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Werner Enterprises by 75.3% in the 4th quarter. Two Sigma Advisers LP now owns 224,700 shares of the transportation company’s stock valued at $8,071,000 after buying an additional 96,500 shares in 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.