Stifel Nicolaus Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $29.00

Werner Enterprises (NASDAQ:WERN) had its price target decreased by research analysts at Stifel Nicolaus from $35.00 to $29.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 2.22% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group dropped their price objective on shares of Werner Enterprises from $36.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday. Barclays dropped their price target on Werner Enterprises from $38.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Citigroup upgraded Werner Enterprises from a “sell” rating to a “neutral” rating and dropped their target price for the company from $32.00 to $29.00 in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.67.

Werner Enterprises Price Performance

Shares of Werner Enterprises stock traded up $0.03 during trading hours on Monday, reaching $28.37. The company’s stock had a trading volume of 79,451 shares, compared to its average volume of 791,308. The firm has a 50 day moving average price of $31.22 and a 200-day moving average price of $35.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. Werner Enterprises has a one year low of $26.50 and a one year high of $42.48. The stock has a market cap of $1.76 billion, a P/E ratio of 51.58 and a beta of 1.06.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. On average, analysts predict that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after acquiring an additional 32,228 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Werner Enterprises by 0.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock worth $76,211,000 after purchasing an additional 19,370 shares in the last quarter. American Century Companies Inc. lifted its stake in Werner Enterprises by 13.4% during the fourth quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock valued at $71,380,000 after buying an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Werner Enterprises by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock worth $59,010,000 after acquiring an additional 143,953 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Werner Enterprises during the fourth quarter valued at approximately $35,257,000. 89.32% of the stock is currently owned by institutional investors.

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.