JPMorgan Chase & Co. Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $34.00

Werner Enterprises (NASDAQ:WERN) had its target price cut by investment analysts at JPMorgan Chase & Co. from $37.00 to $34.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 7.83% from the company’s previous close.

A number of other research analysts have also issued reports on the company. TD Cowen lifted their target price on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens lowered their target price on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Citigroup started coverage on Werner Enterprises in a report on Wednesday, October 9th. They set a “sell” rating and a $34.00 target price on the stock. Wells Fargo & Company lowered their target price on Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, Evercore ISI decreased their price target on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $36.50.

Werner Enterprises Price Performance

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

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). The firm 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 4.70% and a net margin of 1.99%. Werner Enterprises’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. Equities analysts anticipate that Werner Enterprises will post 0.87 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WERN. First Eagle Investment Management LLC grew its holdings in shares of Werner Enterprises by 34.9% during the 1st quarter. First Eagle Investment Management LLC now owns 327,948 shares of the transportation company’s stock valued at $12,829,000 after acquiring an additional 84,800 shares in the last quarter. Norden Group LLC grew its stake in Werner Enterprises by 1,048.4% in the first quarter. Norden Group LLC now owns 91,312 shares of the transportation company’s stock valued at $3,572,000 after purchasing an additional 83,361 shares in the last quarter. AQR Capital Management LLC grew its stake in Werner Enterprises by 65.5% in the second quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after purchasing an additional 348,154 shares in the last quarter. Quantbot Technologies LP increased its position in Werner Enterprises by 542.7% in the 1st quarter. Quantbot Technologies LP now owns 32,963 shares of the transportation company’s stock worth $1,290,000 after purchasing an additional 27,834 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Werner Enterprises by 14.8% during the 2nd quarter. Raymond James & Associates now owns 252,504 shares of the transportation company’s stock worth $9,047,000 after purchasing an additional 32,503 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, 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.