Werner Enterprises (NASDAQ:WERN) Price Target Cut to $40.00

Werner Enterprises (NASDAQ:WERN) had its price objective reduced by equities researchers at Stephens from $42.00 to $40.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Stephens’ target price points to a potential upside of 10.16% from the company’s current price.

Several other equities research analysts have also recently weighed in on WERN. 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 research report on Wednesday. JPMorgan Chase & Co. dropped their target price on Werner Enterprises from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday. Morgan Stanley reduced their price target on Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. Evercore ISI dropped their price objective on Werner Enterprises from $39.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird reduced their target price on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and an average price target of $40.83.

Werner Enterprises Stock Up 1.6 %

Shares of NASDAQ:WERN opened at $36.31 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.90 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $37.51 and its 200 day moving average is $39.05. The stock has a market cap of $2.30 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $47.27.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The firm had revenue of $769.08 million for the quarter, compared to analysts’ expectations of $788.30 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis. Sell-side analysts predict that Werner Enterprises will post 1.52 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Werner Enterprises by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock worth $228,050,000 after acquiring an additional 48,380 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Werner Enterprises by 35.3% in the fourth quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock valued at $7,168,000 after purchasing an additional 44,159 shares during the period. Norden Group LLC purchased a new position in shares of Werner Enterprises in the fourth quarter worth about $337,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Werner Enterprises by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 576,100 shares of the transportation company’s stock worth $22,439,000 after purchasing an additional 39,825 shares during the period. Finally, AQR Capital Management LLC boosted its position in Werner Enterprises by 27.8% in the third quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company’s stock valued at $27,472,000 after buying an additional 153,271 shares during the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

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.