Werner Enterprises (NASDAQ:WERN) PT Lowered to $40.00

Werner Enterprises (NASDAQ:WERN) had its price target reduced by investment analysts at Stephens from $42.00 to $40.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target would indicate a potential upside of 10.16% from the company’s current price.

A number of other analysts also recently commented on the company. Bank of America decreased their target price on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Monday, April 15th. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. TD Cowen reduced their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday. Robert W. Baird dropped their price objective on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Susquehanna reduced their target price on Werner Enterprises from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.85.

Werner Enterprises Price Performance

WERN stock traded up $0.57 on Friday, reaching $36.31. 964,051 shares of the company’s stock were exchanged, compared to its average volume of 631,192. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $47.27. The company has a quick ratio of 1.87, a current ratio of 1.90 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $37.60 and a 200-day moving average of $39.08. The firm has a market cap of $2.30 billion, a PE ratio of 27.72, a P/E/G ratio of 1.07 and a beta of 0.82.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. As a group, equities analysts predict that Werner Enterprises will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Werner Enterprises by 139.9% in the 4th quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock worth $30,000 after purchasing an additional 410 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Werner Enterprises in the third quarter worth $36,000. Planned Solutions Inc. purchased a new position in shares of Werner Enterprises in the 4th quarter valued at $57,000. Strs Ohio raised its stake in shares of Werner Enterprises by 35.3% in the 3rd quarter. Strs Ohio now owns 2,300 shares of the transportation company’s stock valued at $89,000 after acquiring an additional 600 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Werner Enterprises by 46.5% during the 3rd quarter. Covestor Ltd now owns 2,402 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 762 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other 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.