Citigroup Forecasts Strong Price Appreciation for Werner Enterprises (NASDAQ:WERN) Stock

Werner Enterprises (NASDAQ:WERN) had its target price increased by stock analysts at Citigroup from $37.00 to $47.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target would suggest a potential upside of 5.07% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. TD Cowen increased their target price on shares of Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Stephens upgraded shares of Werner Enterprises to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. UBS Group boosted their target price on shares of Werner Enterprises from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company raised their price target on Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.92.

Werner Enterprises Trading Up 3.6%

Shares of WERN stock traded up $1.57 during trading hours on Thursday, reaching $44.73. 514,682 shares of the stock traded hands, compared to its average volume of 1,136,341. The business has a fifty day moving average price of $40.50 and a 200 day moving average price of $35.09. Werner Enterprises has a 1-year low of $23.06 and a 1-year high of $45.27. The company has a quick ratio of 1.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.68 billion, a PE ratio of -297.73, a PEG ratio of 0.91 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. The firm had revenue of $730.14 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. On average, equities research analysts forecast that Werner Enterprises will post 0.95 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in shares of Werner Enterprises by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 30,464 shares of the transportation company’s stock valued at $914,000 after buying an additional 336 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Werner Enterprises by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after acquiring an additional 401 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Werner Enterprises by 0.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 64,228 shares of the transportation company’s stock valued at $1,758,000 after acquiring an additional 503 shares during the period. California State Teachers Retirement System raised its position in Werner Enterprises by 1.1% in the second quarter. California State Teachers Retirement System now owns 57,011 shares of the transportation company’s stock worth $1,560,000 after purchasing an additional 601 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Werner Enterprises by 21.5% during the second quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock worth $166,000 after purchasing an additional 675 shares during the period. 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.