Werner Enterprises (NASDAQ:WERN) Stock Price Target Lowered at JPMorgan Chase & Co.

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price target lowered by research analysts at JPMorgan Chase & Co. from $39.00 to $33.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an "underweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 3.69% from the company's previous close.

A number of other brokerages have also issued reports on WERN. Morgan Stanley lifted their target price on shares of Werner Enterprises from $47.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, July 6th. Zacks Research downgraded Werner Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Bank of America raised their price target on Werner Enterprises from $31.00 to $36.00 and gave the stock an "underperform" rating in a research note on Thursday, July 23rd. Evercore raised Werner Enterprises from an "underperform" rating to an "in-line" rating in a research note on Wednesday, July 1st. Finally, Citigroup raised their price objective on shares of Werner Enterprises from $37.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.08.

Werner Enterprises Stock Down 3.1%

Shares of WERN stock traded down $1.09 on Monday, reaching $34.26. 139,677 shares of the company's stock traded hands, compared to its average volume of 1,103,399. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. Werner Enterprises has a 12-month low of $23.06 and a 12-month high of $47.49. The business's 50 day moving average price is $37.23 and its two-hundred day moving average price is $37.65. The company has a market capitalization of $2.06 billion, a P/E ratio of -45.05 and a beta of 1.29.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The business had revenue of $813.36 million during the quarter, compared to analyst estimates of $931.12 million. During the same quarter in the prior year, the company earned $0.11 EPS. Werner Enterprises's revenue for the quarter was up 24.0% on a year-over-year basis. On average, equities analysts forecast that Werner Enterprises will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in shares of Werner Enterprises by 1,361.0% in the first quarter. First Trust Advisors LP now owns 1,921,152 shares of the transportation company's stock worth $56,501,000 after buying an additional 1,789,653 shares during the last quarter. BlackRock Inc. grew its stake in Werner Enterprises by 17.7% in the 2nd quarter. BlackRock Inc. now owns 10,405,606 shares of the transportation company's stock valued at $453,788,000 after buying an additional 1,563,170 shares during the last quarter. Maple Rock Capital Partners Inc. raised its holdings in Werner Enterprises by 146.9% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,366,167 shares of the transportation company's stock worth $59,579,000 after acquiring an additional 812,800 shares during the period. Bank of America Corp DE bought a new position in Werner Enterprises in the 2nd quarter worth $26,042,000. Finally, Deprince Race & Zollo Inc. lifted its position in Werner Enterprises by 11.1% during the 1st quarter. Deprince Race & Zollo Inc. now owns 3,055,017 shares of the transportation company's stock worth $89,848,000 after acquiring an additional 304,983 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company's operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.

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