Wells Fargo & Company Has Lowered Expectations for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by investment analysts at Wells Fargo & Company from $46.00 to $37.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 14.41% from the stock’s current price.

WERN has been the subject of a number of other research reports. Robert W. Baird upgraded shares of Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Thursday, July 30th. TD Cowen lowered their price target on Werner Enterprises from $43.00 to $41.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Bank of America raised their price target on Werner Enterprises from $31.00 to $36.00 and gave the stock an “underperform” rating in a research report on Thursday, July 23rd. Citigroup boosted their price objective on Werner Enterprises from $37.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Zacks Research downgraded shares of Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.62.

Werner Enterprises Price Performance

Shares of WERN opened at $32.34 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.94 billion, a P/E ratio of -42.55 and a beta of 1.29. The stock’s 50-day moving average price is $36.91 and its two-hundred day moving average price is $37.77. Werner Enterprises has a 1 year low of $23.06 and a 1 year high of $47.49.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The firm had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue was up 24.0% compared to the same quarter last year. On average, equities analysts predict that Werner Enterprises will post 1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WERN. BlackRock Inc. grew its position in Werner Enterprises by 17.7% in the second quarter. BlackRock Inc. now owns 10,405,606 shares of the transportation company’s stock valued at $453,788,000 after purchasing an additional 1,563,170 shares in the last quarter. State Street Corp boosted its stake in shares of Werner Enterprises by 3.1% during the 2nd quarter. State Street Corp now owns 2,637,086 shares of the transportation company’s stock worth $115,003,000 after buying an additional 79,075 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Werner Enterprises by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,794,752 shares of the transportation company’s stock valued at $111,601,000 after acquiring an additional 148,826 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Werner Enterprises by 11.1% in the first quarter. Deprince Race & Zollo Inc. now owns 3,055,017 shares of the transportation company’s stock valued at $89,848,000 after acquiring an additional 304,983 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its holdings in Werner Enterprises by 146.9% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,366,167 shares of the transportation company’s stock worth $59,579,000 after acquiring an additional 812,800 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

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.