Evercore ISI Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $32.00

Werner Enterprises (NASDAQ:WERN) had its target price reduced by Evercore ISI from $35.00 to $32.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price target points to a potential downside of 13.26% from the company’s current price.

Other equities analysts also recently issued research reports about the company. UBS Group downgraded Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Tuesday, July 9th. Susquehanna upped their target price on Werner Enterprises from $26.00 to $30.00 and gave the company a “negative” rating in a report on Thursday, September 26th. TD Cowen upped their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group decreased their target price on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Finally, Citigroup assumed coverage on Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective for the company. Seven research 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.50.

Werner Enterprises Stock Down 1.1 %

Shares of WERN opened at $36.89 on Wednesday. The firm has a market cap of $2.28 billion, a P/E ratio of 50.53, a P/E/G ratio of 11.70 and a beta of 0.79. The stock has a 50 day simple moving average of $37.10 and a two-hundred day simple moving average of $36.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.64. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). The company had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. On average, analysts forecast that Werner Enterprises will post 0.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its holdings in shares of Werner Enterprises by 390.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 589 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Werner Enterprises during the second quarter valued at $29,000. Canada Pension Plan Investment Board bought a new position in shares of Werner Enterprises during the second quarter valued at $29,000. Quest Partners LLC bought a new position in shares of Werner Enterprises during the second quarter valued at $30,000. Finally, GAMMA Investing LLC boosted its position in shares of Werner Enterprises by 145.7% during the third 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. 89.32% of the stock is currently owned by institutional investors.

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.