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

Werner Enterprises (NASDAQ:WERN) had its target price reduced by analysts at Stifel Nicolaus from $33.00 to $32.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 15.99% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Susquehanna lowered their target price on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating on the stock in a research report on Friday, November 1st. Evercore ISI decreased their price objective on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. TD Cowen lifted their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup assumed coverage on shares of Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price on the stock. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.29.

Werner Enterprises Stock Up 2.1 %

WERN stock opened at $38.09 on Monday. The company’s 50 day moving average is $37.10 and its two-hundred day moving average is $36.79. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $43.26. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.35 billion, a P/E ratio of 51.74, a PEG ratio of 13.80 and a beta of 0.80.

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

Institutional Investors Weigh In On Werner Enterprises

A number of large investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV raised 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 acquiring an additional 589 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Werner Enterprises during the second quarter worth about $29,000. GAMMA Investing LLC raised its position in shares of Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Werner Enterprises during the second quarter valued at approximately $29,000. Finally, Quest Partners LLC purchased a new stake in Werner Enterprises in the 2nd quarter worth approximately $30,000. 89.32% of the stock is 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.