Werner Enterprises (NASDAQ:WERN) Upgraded at Evercore

Werner Enterprises (NASDAQ:WERN) was upgraded by equities researchers at Evercore from an “underperform” rating to an “in-line” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms also recently weighed in on WERN. Citigroup boosted their target price on Werner Enterprises from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Robert W. Baird raised their target price on Werner Enterprises from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Weiss Ratings upgraded shares of Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $37.77.

Werner Enterprises Stock Performance

NASDAQ:WERN opened at $43.61 on Wednesday. The business’s fifty day moving average is $39.35 and its 200 day moving average is $34.56. Werner Enterprises has a 52-week low of $23.06 and a 52-week high of $45.27. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -290.73, a PEG ratio of 0.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.46.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The firm had revenue of $730.14 million for the quarter, compared to the consensus estimate of $812.50 million. During the same period in the prior year, the firm posted ($0.12) earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Research analysts predict that Werner Enterprises will post 0.94 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

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

Werner Enterprises Company Profile

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.