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

Werner Enterprises (NASDAQ:WERN) had its target price reduced by investment analysts at Evercore ISI from $35.00 to $32.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price objective suggests a potential downside of 13.26% from the company’s current price.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 31st. Susquehanna raised their target price on Werner Enterprises from $26.00 to $30.00 and gave the stock a “negative” rating in a research report on Thursday, September 26th. The Goldman Sachs Group dropped their target price on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Morgan Stanley decreased their price objective on Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday, July 8th. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.50.

Werner Enterprises Trading Down 1.1 %

Werner Enterprises stock opened at $36.89 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.64. Werner Enterprises has a one year low of $33.12 and a one year high of $43.26. The stock has a market capitalization of $2.28 billion, a PE ratio of 50.53, a price-to-earnings-growth ratio of 11.70 and a beta of 0.79. The business’s fifty day moving average is $37.10 and its 200 day moving average is $36.75.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.07). The firm 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 for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. On average, sell-side analysts predict that Werner Enterprises will post 0.87 EPS for the current year.

Institutional Trading of Werner Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV raised its stake in 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 purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Werner Enterprises during the 2nd quarter valued at approximately $29,000. Canada Pension Plan Investment Board bought a new stake in Werner Enterprises during the 2nd quarter valued at approximately $29,000. Quest Partners LLC bought a new stake in Werner Enterprises during the 2nd quarter valued at approximately $30,000. Finally, GAMMA Investing LLC raised its stake in Werner Enterprises by 145.7% during the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 475 shares during the period. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

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.