Wells Fargo & Company Issues Pessimistic Forecast for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its target price lowered by investment analysts at Wells Fargo & Company from $38.00 to $35.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 5.12% from the company’s previous close.

Several other research analysts have also issued reports on the company. Stifel Nicolaus reduced their target price on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. UBS Group lowered Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research report on Tuesday, July 9th. Citigroup started coverage on Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 target price on the stock. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Finally, Stephens dropped their price target on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.50.

Werner Enterprises Trading Down 1.1 %

WERN opened at $36.89 on Wednesday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 50.53, a PEG ratio of 11.70 and a beta of 0.79. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $43.26. The stock has a fifty day moving average price of $37.10 and a 200-day moving average price of $36.75.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.07). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis. As a group, equities research analysts anticipate that Werner Enterprises will post 0.87 earnings per share for the current fiscal year.

Institutional Trading of Werner Enterprises

Hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV boosted its position in Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after purchasing an additional 589 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Werner Enterprises during the second quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in Werner Enterprises by 145.7% during the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after purchasing an additional 475 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in Werner Enterprises during the second quarter worth approximately $29,000. Finally, Quest Partners LLC purchased a new position in Werner Enterprises during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

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.