Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $33.00 at The Goldman Sachs Group

Werner Enterprises (NASDAQ:WERN) had its price target decreased by research analysts at The Goldman Sachs Group from $37.00 to $33.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “sell” rating on the transportation company’s stock. The Goldman Sachs Group’s target price would indicate a potential downside of 8.46% from the company’s current price.

Several other research analysts have also weighed in on WERN. UBS Group lowered shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a report on Tuesday, July 9th. Evercore ISI decreased their price target on shares of Werner Enterprises from $37.00 to $35.00 and set an “in-line” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on Werner Enterprises from $32.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. StockNews.com cut Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Finally, Citigroup initiated coverage on Werner Enterprises in a research note on Wednesday. They set a “sell” rating and a $34.00 price target for the company. 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 company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.57.

Werner Enterprises Trading Down 2.7 %

Shares of NASDAQ WERN traded down $1.00 during midday trading on Wednesday, reaching $36.05. 92,448 shares of the stock were exchanged, compared to its average volume of 749,483. The stock has a 50 day moving average price of $37.11 and a 200-day moving average price of $36.84. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.29 billion, a P/E ratio of 27.52, a P/E/G ratio of 7.33 and a beta of 0.79. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $43.26.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The firm had revenue of $760.80 million during the quarter, compared to analysts’ expectations of $769.81 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. Equities research analysts expect that Werner Enterprises will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Werner Enterprises by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after buying an additional 565,193 shares during the last quarter. Nuance Investments LLC grew its stake in Werner Enterprises by 7.4% during the 2nd quarter. Nuance Investments LLC now owns 3,167,616 shares of the transportation company’s stock valued at $113,496,000 after purchasing an additional 219,074 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in Werner Enterprises by 37.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after purchasing an additional 450,522 shares during the last quarter. American Century Companies Inc. raised its position in shares of Werner Enterprises by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after purchasing an additional 201,843 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Werner Enterprises by 2.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,460,342 shares of the transportation company’s stock valued at $52,324,000 after buying an additional 38,544 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

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.