Werner Enterprises (NASDAQ:WERN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Werner Enterprises (NASDAQ:WERN) had its price objective increased by investment analysts at Stifel Nicolaus from $30.00 to $35.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 5.71% from the company’s current price.

Other research analysts also recently issued research reports about the company. TD Cowen increased their price target on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Evercore ISI reduced their price target on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Barclays boosted their price target on Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Werner Enterprises currently has a consensus rating of “Hold” and a consensus target price of $37.50.

Werner Enterprises Stock Down 1.1 %

Shares of Werner Enterprises stock opened at $37.12 on Thursday. The company has a fifty day moving average price of $37.77 and a 200 day moving average price of $37.56. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 50.85, a price-to-earnings-growth ratio of 16.15 and a beta of 0.84. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $42.48. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Equities research analysts forecast that Werner Enterprises will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of WERN. Alliance Wealth Advisors LLC UT raised its position in Werner Enterprises by 6.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 14,107 shares of the transportation company’s stock worth $507,000 after acquiring an additional 829 shares in the last quarter. KBC Group NV grew its stake in shares of Werner Enterprises by 43.7% in the 4th quarter. KBC Group NV now owns 2,976 shares of the transportation company’s stock worth $107,000 after purchasing an additional 905 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after purchasing an additional 514 shares in the last quarter. Inspire Investing LLC lifted its stake in Werner Enterprises by 5.2% during the fourth quarter. Inspire Investing LLC now owns 11,144 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 551 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Werner Enterprises by 59.1% during the fourth quarter. SG Americas Securities LLC now owns 4,187 shares of the transportation company’s stock worth $150,000 after buying an additional 1,555 shares in the last quarter. 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.