Stifel Nicolaus Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $30.00

Werner Enterprises (NASDAQ:WERN) had its price target lowered by Stifel Nicolaus from $32.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 18.17% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of Werner Enterprises from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley dropped 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 note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price objective on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Finally, TD Cowen boosted 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. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.14.

Werner Enterprises Stock Performance

WERN traded up $0.94 during mid-day trading on Wednesday, reaching $36.66. 270,232 shares of the company traded hands, compared to its average volume of 503,883. The company’s fifty day moving average price is $38.36 and its 200-day moving average price is $37.50. The stock has a market capitalization of $2.27 billion, a P/E ratio of 50.22, a P/E/G ratio of 33.43 and a beta of 0.84. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $42.48.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. On average, sell-side analysts expect that Werner Enterprises will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

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