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

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

Several other research analysts also recently issued reports on WERN. JPMorgan Chase & Co. reduced their price target on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Citigroup initiated coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 target price on the stock. UBS Group lowered shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, July 9th. TD Cowen increased their price objective on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group dropped their target price on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.29.

Werner Enterprises Stock Performance

NASDAQ:WERN opened at $41.23 on Monday. The firm’s 50-day moving average is $37.12 and its 200-day moving average is $36.80. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 55.52, a PEG ratio of 13.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $43.26.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WERN. KBC Group NV increased its holdings in shares of Werner Enterprises by 43.1% during the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after acquiring an additional 624 shares during the last quarter. Empower Advisory Group LLC boosted its position in Werner Enterprises by 4.8% during the third quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock worth $14,000,000 after purchasing an additional 16,637 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of Werner Enterprises by 3.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 53,136 shares of the transportation company’s stock valued at $2,051,000 after purchasing an additional 1,858 shares during the last quarter. Atria Investments Inc raised its position in shares of Werner Enterprises by 34.2% in the third quarter. Atria Investments Inc now owns 8,150 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 2,079 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock worth $184,000 after buying an additional 3,489 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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.