Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $32.00 at Evercore ISI

Werner Enterprises (NASDAQ:WERN) had its target price decreased by research analysts at Evercore ISI from $35.00 to $32.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price indicates a potential downside of 15.32% from the stock’s previous close.

WERN has been the subject of several other reports. UBS Group cut shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Tuesday, July 9th. Morgan Stanley lowered their price objective on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report on Monday, July 8th. JPMorgan Chase & Co. increased their target price on Werner Enterprises from $32.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, July 31st. Susquehanna boosted their price target on Werner Enterprises from $26.00 to $30.00 and gave the stock a “negative” rating in a research note on Thursday, September 26th. Finally, StockNews.com cut Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Werner Enterprises presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Werner Enterprises Stock Down 1.4 %

Shares of Werner Enterprises stock traded down $0.52 during midday trading on Wednesday, hitting $37.79. The company had a trading volume of 445,014 shares, compared to its average volume of 746,194. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $43.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.69. The stock has a market capitalization of $2.34 billion, a P/E ratio of 38.00, a P/E/G ratio of 11.70 and a beta of 0.79. The company has a 50 day moving average of $37.11 and a 200 day moving average of $36.74.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). The company had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, equities analysts predict that Werner Enterprises will post 0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its position in shares of Werner Enterprises by 390.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after buying an additional 589 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Werner Enterprises during the 2nd quarter worth approximately $29,000. Canada Pension Plan Investment Board purchased a new position in Werner Enterprises during the second quarter valued at approximately $29,000. Quest Partners LLC bought a new position in shares of Werner Enterprises in the second quarter worth approximately $30,000. Finally, GAMMA Investing LLC increased its stake 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 worth $31,000 after purchasing an additional 475 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

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.