Werner Enterprises (NASDAQ:WERN) Given New $43.00 Price Target at Robert W. Baird

Werner Enterprises (NASDAQ:WERN) had its price objective hoisted by investment analysts at Robert W. Baird from $39.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Robert W. Baird’s target price would suggest a potential upside of 2.09% from the company’s current price.

Other analysts also recently issued research reports about the company. Susquehanna lifted their target price on Werner Enterprises from $38.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their target price on Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company lifted their target price on Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, June 5th. Finally, Weiss Ratings raised Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises has an average rating of “Reduce” and a consensus price target of $36.92.

Werner Enterprises Trading Down 2.2%

NASDAQ:WERN opened at $42.12 on Wednesday. Werner Enterprises has a 12-month low of $23.06 and a 12-month high of $45.27. The firm has a market capitalization of $2.53 billion, a P/E ratio of -280.80, a P/E/G ratio of 0.91 and a beta of 1.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.43. The business has a 50 day simple moving average of $37.36 and a 200 day simple moving average of $33.59.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $730.14 million during the quarter, compared to analyst estimates of $812.50 million. Werner Enterprises had a positive return on equity of 0.66% and a negative net margin of 0.28%.The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) EPS. Equities research analysts predict that Werner Enterprises will post 0.94 EPS for the current year.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of WERN. PNC Financial Services Group Inc. raised its stake in shares of Werner Enterprises by 41.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after buying an additional 679 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Werner Enterprises by 49.0% in the 4th quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock worth $73,000 after buying an additional 799 shares in the last quarter. Covestor Ltd grew its holdings in shares of Werner Enterprises by 28.3% in the 4th quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock worth $98,000 after acquiring an additional 719 shares during the last quarter. KBC Group NV grew its holdings in shares of Werner Enterprises by 86.9% in the 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock worth $108,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in shares of Werner Enterprises in the 4th quarter worth $217,000. Institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.