Stifel Nicolaus Has Lowered Expectations for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price objective cut by Stifel Nicolaus from $33.00 to $32.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 15.05% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Citigroup assumed coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. TD Cowen upped their price objective on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens reduced their target price on Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, Morgan Stanley lowered their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.29.

Werner Enterprises Price Performance

WERN stock traded up $0.13 during mid-day trading on Monday, reaching $37.67. The company’s stock had a trading volume of 65,629 shares, compared to its average volume of 751,488. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $37.10 and its two-hundred day moving average is $36.76. Werner Enterprises has a fifty-two week low of $33.12 and a fifty-two week high of $43.26. The stock has a market cap of $2.33 billion, a PE ratio of 51.60, a P/E/G ratio of 13.12 and a beta of 0.80.

Werner Enterprises (NASDAQ:WERN) last announced 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 company had revenue of $745.70 million for the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts expect that Werner Enterprises will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WERN. Massmutual Trust Co. FSB ADV grew its position 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 worth $27,000 after buying an additional 589 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in Werner Enterprises in the second quarter worth approximately $29,000. Canada Pension Plan Investment Board acquired a new position in Werner Enterprises during the 2nd quarter worth approximately $29,000. Quest Partners LLC purchased a new stake in shares of Werner Enterprises in the 2nd quarter valued at approximately $30,000. Finally, GAMMA Investing LLC raised its holdings in shares of Werner Enterprises by 145.7% in 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 in 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.