Wells Fargo & Company Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $27.00

Werner Enterprises (NASDAQ:WERN) had its price target lowered by research analysts at Wells Fargo & Company from $34.00 to $27.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 7.94% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus increased their price objective on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Susquehanna decreased their price target on shares of Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a research note on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective on the stock. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Finally, Barclays dropped their price target on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.13.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $29.33 on Thursday. Werner Enterprises has a 12 month low of $28.77 and a 12 month high of $42.48. The firm has a market capitalization of $1.81 billion, a P/E ratio of 53.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 1.48. The company’s fifty day moving average price is $33.23 and its 200 day moving average price is $36.22.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, sell-side analysts predict that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WERN. CIBC Asset Management Inc boosted its holdings in Werner Enterprises by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 6,168 shares of the transportation company’s stock worth $222,000 after buying an additional 274 shares in the last quarter. Keybank National Association OH lifted its position in shares of Werner Enterprises by 1.5% during the 4th quarter. Keybank National Association OH now owns 20,216 shares of the transportation company’s stock valued at $726,000 after acquiring an additional 305 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Werner Enterprises by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 53,495 shares of the transportation company’s stock worth $1,922,000 after acquiring an additional 359 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Werner Enterprises by 7.7% in the 4th quarter. Bank of Montreal Can now owns 6,761 shares of the transportation company’s stock worth $243,000 after acquiring an additional 485 shares during the period. Finally, Blue Trust Inc. increased its stake in Werner Enterprises by 64.7% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

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.