Werner Enterprises (NASDAQ:WERN) Downgraded to Neutral at UBS Group

Werner Enterprises (NASDAQ:WERN – Download Free Report) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Briefing.com reports. They currently have a $39.00 price target for the transportation company’s shares. UBS Group’s price target would suggest a potential upside of 11.88% from the company’s previous close.

Several other analysts have also recently commented on the company. Bank of America lowered their price objective for Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Monday, April 15. Susquehanna reaffirmed a “negative” rating and set a $27.00 price target (down from $32.00) for shares of Werner Enterprises in a report on Monday, June 24. Morgan Stanley lowered their price objective for shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating for the stock in a research note on Monday. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, June 20. Finally, TD Cowen lowered their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 1. Four investment analysts rated the stock a “sell,” seven gave a “hold” rating, and three gave the company a “buy” rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “hold” and a consensus price target of $38.69.

See our latest stock report on WERN

Werner Enterprises Price Performance

Shares of WERN opened on Tuesday at $34.86. The company has a current ratio of 1.90, a current ratio of 1.85 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $2.21 billion, a P/E ratio of 26.61, a PEG ratio of 2.90 and a beta of 0.80. The company has a 50-day simple moving average of $36.42 and a 200-day simple moving average of $38.30. Werner Enterprises has a twelve-month low of $33.12 and a twelve-month high of $47.27.

Werner Enterprises (NASDAQ:WERN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The transportation company reported $0.14 earnings per share for the quarter, missing the analyst consensus of $0.28 by ($0.14). The company had revenue of $769.08 million for the quarter, compared to analyst estimates of $788.30 million. Werner Enterprises had a return on equity of 6.15% and a net margin of 2.59%. The company’s revenue for the quarter was down 7.6% year over year. During the same quarter last year, the company earned $0.60 per share. Equity analysts are predicting that Werner Enterprises will post 1.35 earnings per share for the current year.

Werner Enterprises Institutional Trading

Large investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Werner Enterprises by 390.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after purchasing an additional 589 shares in the last quarter. Blue Trust Inc. increased its position in Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after acquiring an additional 410 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Werner Enterprises in the first quarter worth approximately $43,000. Planned Solutions Inc. acquired a new stake in shares of Werner Enterprises in the fourth quarter worth approximately $57,000. Finally, Headlands Technologies LLC bought a new position in shares of Werner Enterprises during the first quarter worth approximately $84,000. Institutional investors and hedge funds own 89.32% of the company’s shares.

Werner Enterprises Company Profile

(Download the free report)

Werner Enterprises, Inc., together with its subsidiaries, engages in the transportation of general merchandise truckloads in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates in two segments: Truckload Transportation Services and Werner Logistics.

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