Werner Enterprises (NASDAQ:WERN) PT Lowered to $39.00

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price target reduced by research analysts at Stifel Nicolaus from $42.00 to $39.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price objective points to a potential upside of 10.61% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. Stephens restated an "overweight" rating and set a $49.00 price objective on shares of Werner Enterprises in a research report on Wednesday, February 7th. Morgan Stanley cut their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an "overweight" rating for the company 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 research report on Tuesday, February 27th. Barclays cut shares of Werner Enterprises from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $45.00 to $40.00 in a research report on Monday, April 1st. Finally, Susquehanna dropped their price target on shares of Werner Enterprises from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $44.00.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN traded down $0.13 during midday trading on Thursday, hitting $35.26. The company's stock had a trading volume of 737,123 shares, compared to its average volume of 604,164. The business's 50 day simple moving average is $38.72 and its 200 day simple moving average is $39.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92. The company has a market cap of $2.24 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. Werner Enterprises has a 12-month low of $34.67 and a 12-month high of $47.27.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.05). The business had revenue of $821.90 million during the quarter, compared to analysts' expectations of $820.90 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. On average, analysts forecast that Werner Enterprises will post 1.99 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WERN. JPMorgan Chase & Co. lifted its stake in Werner Enterprises by 20.2% in the first quarter. JPMorgan Chase & Co. now owns 238,975 shares of the transportation company's stock worth $9,798,000 after acquiring an additional 40,108 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Werner Enterprises by 50.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,447 shares of the transportation company's stock worth $100,000 after acquiring an additional 825 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Werner Enterprises by 38.9% in the first quarter. MetLife Investment Management LLC now owns 69,575 shares of the transportation company's stock worth $2,853,000 after acquiring an additional 19,471 shares during the last quarter. Rhumbline Advisers lifted its stake in Werner Enterprises by 0.6% in the first quarter. Rhumbline Advisers now owns 211,666 shares of the transportation company's stock worth $8,678,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Werner Enterprises by 8.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,941 shares of the transportation company's stock worth $900,000 after acquiring an additional 1,762 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.

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.