Werner Enterprises (NASDAQ:WERN) PT Lowered to $39.00

Werner Enterprises (NASDAQ:WERN) had its price target reduced by Stifel Nicolaus from $42.00 to $39.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 8.76% from the company’s current price.

Other analysts have also issued research reports about the stock. Stephens reissued an “overweight” rating and issued a $49.00 price objective on shares of Werner Enterprises in a research report on Wednesday, February 7th. Barclays lowered shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $45.00 to $40.00 in a research report on Monday, April 1st. Bank of America cut their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. TD Cowen boosted their price objective on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Susquehanna lowered their target price on shares of Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.00.

Werner Enterprises Stock Up 1.7 %

Werner Enterprises stock opened at $35.86 on Thursday. The company’s 50 day simple moving average is $38.61 and its 200 day simple moving average is $39.31. Werner Enterprises has a fifty-two week low of $34.67 and a fifty-two week high of $47.27. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The company had revenue of $821.90 million during the quarter, compared to the consensus estimate of $820.90 million. During the same period in the previous year, the firm posted $0.99 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Werner Enterprises will post 1.99 EPS for the current year.

Hedge Funds Weigh In On Werner Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new position in shares of Werner Enterprises in the first quarter valued at about $26,000. Blue Trust Inc. grew its stake in shares of Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 410 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Werner Enterprises by 135.2% in the fourth quarter. Advisors Asset Management Inc. now owns 821 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 472 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Werner Enterprises in the third quarter valued at about $36,000. Finally, Planned Solutions Inc. acquired a new position in shares of Werner Enterprises in the fourth quarter valued at about $57,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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.