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

Werner Enterprises (NASDAQ:WERN) had its price target increased by analysts at Citigroup from $37.00 to $47.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target points to a potential upside of 7.18% from the stock’s current price.

A number of other brokerages also recently commented on WERN. Morgan Stanley boosted their price objective on Werner Enterprises from $47.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. upped their price objective on Werner Enterprises from $30.00 to $34.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group boosted their price objective on shares of Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. TD Cowen boosted their price target on shares of Werner Enterprises from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.92.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $43.85 on Thursday. Werner Enterprises has a 52 week low of $23.06 and a 52 week high of $45.27. The business’s 50 day moving average price is $40.86 and its 200 day moving average price is $35.25. 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 cap of $2.63 billion, a P/E ratio of -292.33, a P/E/G ratio of 0.91 and a beta of 1.26.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results 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 company had revenue of $730.14 million during the quarter, compared to the consensus estimate of $812.50 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, sell-side analysts expect that Werner Enterprises will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On Werner Enterprises

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of Werner Enterprises by 41.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 679 shares during the period. GAMMA Investing LLC boosted its position 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 increased its holdings in 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 in the last quarter. KBC Group NV raised its position in Werner Enterprises by 86.9% during the fourth 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 stake in shares of Werner Enterprises in the fourth quarter valued at approximately $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.