Stifel Nicolaus Has Lowered Expectations for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price target lowered by equities research analysts at Stifel Nicolaus from $33.00 to $32.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 15.05% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Stephens lowered their price objective on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Citigroup started coverage on Werner Enterprises in a report on Wednesday, October 9th. They set a “sell” rating and a $34.00 target price for the company. The Goldman Sachs Group cut their price target on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, UBS Group lowered shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.29.

Werner Enterprises Stock Up 0.3 %

Werner Enterprises stock traded up $0.13 during mid-day trading on Monday, reaching $37.67. 65,629 shares of the company were exchanged, compared to its average volume of 751,488. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.64 and a current ratio of 1.53. The firm has a market cap of $2.33 billion, a P/E ratio of 51.60, a PEG ratio of 13.12 and a beta of 0.80. The business has a fifty day moving average of $37.10 and a 200 day moving average of $36.76. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $43.26.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The firm had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. During the same quarter last year, the firm earned $0.42 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. Research analysts anticipate that Werner Enterprises will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Massmutual Trust Co. FSB ADV grew its position 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 valued at $27,000 after purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Werner Enterprises in the 2nd quarter valued at about $29,000. Canada Pension Plan Investment Board acquired a new stake in Werner Enterprises in the 2nd quarter worth about $29,000. Quest Partners LLC purchased a new stake in Werner Enterprises during the 2nd quarter worth approximately $30,000. Finally, GAMMA Investing LLC raised its holdings in shares of Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.