Stifel Nicolaus Issues Pessimistic Forecast for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by Stifel Nicolaus from $33.00 to $32.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential downside of 15.99% from the company’s previous close.

Several other research firms also recently weighed in on WERN. JPMorgan Chase & Co. reduced their price target on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Evercore ISI lowered 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. TD Cowen raised their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Finally, Susquehanna dropped their price target on shares of Werner Enterprises from $30.00 to $28.00 and set a “negative” rating for the company in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.29.

Werner Enterprises Trading Up 2.1 %

Shares of NASDAQ:WERN opened at $38.09 on Monday. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $43.26. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 51.74, a PEG ratio of 13.80 and a beta of 0.80. The business has a 50-day moving average price of $37.10 and a 200-day moving average price of $36.79.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results 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 net margin of 1.48% and a return on equity of 3.58%. The firm had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. During the same period last year, the firm earned $0.42 earnings per share. Werner Enterprises’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities analysts predict that Werner Enterprises will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WERN. Empower Advisory Group LLC raised its holdings in Werner Enterprises by 4.8% in the third quarter. Empower Advisory Group LLC now owns 362,786 shares of the transportation company’s stock valued at $14,000,000 after acquiring an additional 16,637 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Werner Enterprises by 3.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 53,136 shares of the transportation company’s stock valued at $2,051,000 after purchasing an additional 1,858 shares in the last quarter. Atria Investments Inc lifted its position in shares of Werner Enterprises by 34.2% during the 3rd quarter. Atria Investments Inc now owns 8,150 shares of the transportation company’s stock worth $315,000 after purchasing an additional 2,079 shares during the last quarter. US Bancorp DE lifted its position in shares of Werner Enterprises by 271.1% during the 3rd quarter. US Bancorp DE now owns 4,776 shares of the transportation company’s stock worth $184,000 after purchasing an additional 3,489 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of Werner Enterprises by 10.1% during the third quarter. Congress Asset Management Co. now owns 369,658 shares of the transportation company’s stock worth $14,265,000 after purchasing an additional 33,891 shares in the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.

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.