Werner Enterprises (NASDAQ:WERN) Given New $32.00 Price Target at Stifel Nicolaus

Werner Enterprises (NASDAQ:WERN) had its price objective reduced by Stifel Nicolaus from $33.00 to $32.00 in a research note released on Monday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Several other brokerages have also recently issued reports on WERN. Morgan Stanley cut their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Stephens reduced their target price on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Wells Fargo & Company dropped their price target on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Evercore ISI reduced their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and an average target price of $36.29.

Werner Enterprises Stock Up 8.2 %

WERN stock opened at $41.23 on Monday. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 1.49. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 55.52, a PEG ratio of 13.71 and a beta of 0.80. The business’s fifty day moving average price is $37.12 and its two-hundred day moving average price is $36.80.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. During the same period in the prior year, the business posted $0.42 earnings per share. Werner Enterprises’s revenue was down 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Werner Enterprises will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its position in Werner Enterprises by 390.1% during 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 during the period. Canada Pension Plan Investment Board bought a new position in Werner Enterprises in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in Werner Enterprises by 145.7% in the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Werner Enterprises during the 2nd quarter valued at $29,000. Finally, Quest Partners LLC purchased a new stake in shares of Werner Enterprises during the second quarter worth $30,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

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.