Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $32.00 at Stifel Nicolaus

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

A number of other research firms also recently weighed in on WERN. Citigroup assumed coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price for the company. Stephens decreased their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Susquehanna decreased their price objective on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a research report on Friday. Finally, Evercore ISI decreased their price objective on shares of 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. Seven research 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, the company has a consensus rating of “Hold” and an average target price of $36.29.

Werner Enterprises Trading Down 0.6 %

Shares of NASDAQ:WERN opened at $37.31 on Monday. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $43.26. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $37.10 and its 200 day simple moving average is $36.77. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 13.80 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data 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 company had revenue of $745.70 million for the quarter, compared to analyst estimates of $765.24 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis. As a group, research analysts forecast that Werner Enterprises will post 0.74 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nuance Investments LLC raised its stake in Werner Enterprises by 7.4% in the 2nd quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock worth $113,496,000 after purchasing an additional 219,074 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Werner Enterprises by 37.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock valued at $59,668,000 after buying an additional 450,522 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Werner Enterprises by 3.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,516,893 shares of the transportation company’s stock valued at $58,537,000 after buying an additional 56,551 shares in the last quarter. American Century Companies Inc. raised its position in shares of Werner Enterprises by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after buying an additional 201,843 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Werner Enterprises by 65.5% in the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after buying an additional 348,154 shares in the last quarter. Institutional investors and hedge funds 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.