Werner Enterprises (NASDAQ:WERN) Stock Price Target Lowered at Citigroup

Werner Enterprises (NASDAQ:WERN) had its price target lowered by equities research analysts at Citigroup from $43.00 to $37.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target indicates a potential upside of 14.76% from the stock’s previous close.

Several other equities research analysts have also commented on WERN. Stifel Nicolaus upped their price objective on Werner Enterprises from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Robert W. Baird upgraded Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Thursday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Werner Enterprises in a report on Friday, July 24th. Stephens upgraded Werner Enterprises to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Susquehanna raised Werner Enterprises from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $48.00 to $44.00 in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $39.62.

Werner Enterprises Stock Performance

Shares of WERN traded down $0.57 on Wednesday, reaching $32.24. The company’s stock had a trading volume of 366,493 shares, compared to its average volume of 1,101,912. The stock’s 50 day simple moving average is $37.00 and its two-hundred day simple moving average is $37.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.45 and a quick ratio of 1.42. The stock has a market capitalization of $1.93 billion, a P/E ratio of -42.47 and a beta of 1.29. Werner Enterprises has a 12-month low of $23.06 and a 12-month high of $47.49.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The business had revenue of $813.36 million for the quarter, compared to analysts’ expectations of $931.12 million. During the same period in the prior year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. Research analysts forecast that Werner Enterprises will post 1.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new position in Werner Enterprises in the 2nd quarter worth approximately $38,000. Global Retirement Partners LLC bought a new stake in shares of Werner Enterprises during the second quarter valued at approximately $45,000. Integrated Wealth Concepts LLC purchased a new position in shares of Werner Enterprises in the second quarter worth $65,000. Bayforest Capital Ltd bought a new position in shares of Werner Enterprises during the second quarter worth $128,000. Finally, PNC Financial Services Group Inc. grew its stake in Werner Enterprises by 40.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,266 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 942 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.