Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $34.00 at Bank of America

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price objective decreased by stock analysts at Bank of America from $35.00 to $34.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "underperform" rating on the transportation company's stock. Bank of America's price target would indicate a potential downside of 5.95% from the company's previous close.

WERN has been the topic of a number of other research reports. TD Cowen raised their target price on shares of Werner Enterprises from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Morgan Stanley reduced their price target on Werner Enterprises from $60.00 to $59.00 and set an "overweight" rating for the company in a research report on Wednesday, February 7th. Stephens reaffirmed an "overweight" rating and set a $49.00 price objective on shares of Werner Enterprises in a research report on Wednesday, February 7th. StockNews.com upgraded shares of Werner Enterprises from a "sell" rating to a "hold" rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus cut shares of Werner Enterprises from a "buy" rating to a "hold" rating and lowered their price target for the company from $45.00 to $42.00 in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $44.25.

Werner Enterprises Trading Down 1.0 %

Werner Enterprises stock traded down $0.37 during trading hours on Monday, hitting $36.15. The company had a trading volume of 479,045 shares, compared to its average volume of 597,340. The company has a 50-day moving average price of $39.13 and a two-hundred day moving average price of $39.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92. Werner Enterprises has a 1 year low of $35.02 and a 1 year high of $47.27. The firm has a market cap of $2.29 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.06 and a beta of 0.78.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.05). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The firm had revenue of $821.90 million for the quarter, compared to the consensus estimate of $820.90 million. During the same period last year, the firm earned $0.99 earnings per share. The company's revenue for the quarter was down 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that Werner Enterprises will post 2.02 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

A number of hedge funds have recently bought and sold shares of WERN. Congress Asset Management Co. MA lifted its position in Werner Enterprises by 14.8% in the first quarter. Congress Asset Management Co. MA now owns 305,501 shares of the transportation company's stock valued at $11,951,000 after acquiring an additional 39,445 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Werner Enterprises by 16.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,892 shares of the transportation company's stock valued at $377,000 after purchasing an additional 1,245 shares during the period. Vanguard Group Inc. grew its stake in Werner Enterprises by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company's stock worth $272,021,000 after buying an additional 565,193 shares during the last quarter. Speece Thorson Capital Group Inc. raised its position in Werner Enterprises by 19.1% in the 4th quarter. Speece Thorson Capital Group Inc. now owns 252,823 shares of the transportation company's stock valued at $10,712,000 after purchasing an additional 40,548 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Werner Enterprises by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,937 shares of the transportation company's stock worth $1,735,000 after buying an additional 4,791 shares during the last quarter. Institutional investors and hedge funds 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.