Werner Enterprises (NASDAQ:WERN – Get Rating) had its target price lowered by analysts at Susquehanna from $43.00 to $42.00 in a research note issued to investors on Thursday, The Fly reports. Susquehanna’s price objective would suggest a potential downside of 9.35% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on WERN. Deutsche Bank Aktiengesellschaft reduced their price target on Werner Enterprises from $57.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, February 9th. JPMorgan Chase & Co. increased their price target on Werner Enterprises from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 8th. Cowen increased their price target on Werner Enterprises from $43.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. The Goldman Sachs Group increased their price target on Werner Enterprises from $36.00 to $40.00 and gave the stock a “sell” rating in a research report on Wednesday, February 8th. Finally, Wells Fargo & Company increased their price target on Werner Enterprises from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Werner Enterprises currently has an average rating of “Hold” and a consensus target price of $49.06.
Werner Enterprises Price Performance
NASDAQ:WERN opened at $46.33 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.46 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $45.28 and its two-hundred day moving average price is $43.83. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 4.93 and a beta of 0.83. Werner Enterprises has a 12-month low of $35.84 and a 12-month high of $50.31.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd grew its position in shares of Werner Enterprises by 20.0% during the 3rd quarter. WINTON GROUP Ltd now owns 44,729 shares of the transportation company’s stock valued at $1,682,000 after purchasing an additional 7,459 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Werner Enterprises by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,807,000 shares of the transportation company’s stock worth $143,149,000 after acquiring an additional 109,448 shares in the last quarter. Creative Planning grew its position in Werner Enterprises by 9.5% in the third quarter. Creative Planning now owns 19,751 shares of the transportation company’s stock worth $743,000 after acquiring an additional 1,721 shares in the last quarter. Boston Partners grew its position in Werner Enterprises by 21.7% in the third quarter. Boston Partners now owns 461,444 shares of the transportation company’s stock worth $17,424,000 after acquiring an additional 82,124 shares in the last quarter. Finally, Gries Financial LLC grew its position in Werner Enterprises by 4.6% in the third quarter. Gries Financial LLC now owns 47,676 shares of the transportation company’s stock worth $1,793,000 after acquiring an additional 2,083 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
Werner Enterprises Company Profile
Werner Enterprises, Inc engages in the provision of logistics services. It operates through the Truckload Transportation Services and Werner Logistics segments. The Truckload Transportation Services segment consists of one-way truckload and specialized services units such as the medium-to-long haul van fleet which provides a consumer non durable products and commodities in truckload quantities.
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