Stifel Nicolaus Has Lowered Expectations for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price objective dropped by research analysts at Stifel Nicolaus from $32.00 to $30.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 19.85% from the stock’s current price.

A number of other equities analysts have also commented on WERN. Evercore ISI reduced their price objective on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley reduced their price target on shares of Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Susquehanna raised shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective on the stock in a report on Friday, January 3rd. Citigroup assumed coverage on shares of Werner Enterprises in a research note on Wednesday, October 9th. They issued a “sell” rating and a $34.00 target price for the company. Finally, Barclays raised their price target on shares of Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.14.

Werner Enterprises Stock Up 1.7 %

Shares of NASDAQ:WERN opened at $37.43 on Wednesday. The company’s fifty day moving average is $38.27 and its 200-day moving average is $37.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $42.48. The company has a market capitalization of $2.31 billion, a PE ratio of 51.27, a P/E/G ratio of 13.73 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The firm had revenue of $745.70 million for the quarter, compared to the consensus estimate of $765.24 million. During the same period in the prior year, the company posted $0.42 earnings per share. Werner Enterprises’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts predict that Werner Enterprises will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Werner Enterprises in the second quarter valued at approximately $29,000. Quest Partners LLC bought a new position in Werner Enterprises in the second quarter valued at $30,000. GAMMA Investing LLC increased its stake in Werner Enterprises by 145.7% in the 3rd quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. International Assets Investment Management LLC lifted its position in Werner Enterprises by 2,390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544 shares of the transportation company’s stock worth $60,000 after buying an additional 1,482 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Werner Enterprises by 43.1% during the 3rd quarter. KBC Group NV now owns 2,071 shares of the transportation company’s stock worth $80,000 after buying an additional 624 shares during the last quarter. Institutional investors 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.