TD Cowen Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $30.00

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its price target lowered by investment analysts at TD Cowen from $33.00 to $30.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the transportation company's stock. TD Cowen's price objective points to a potential upside of 14.94% from the stock's current price.

Several other equities research analysts have also recently issued reports on WERN. Wells Fargo & Company decreased their price objective on shares of Werner Enterprises from $34.00 to $27.00 and set an "underweight" rating for the company in a research report on Thursday, March 27th. UBS Group lowered their price objective on Werner Enterprises from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their target price on Werner Enterprises from $35.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price target on Werner Enterprises from $38.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group cut their target price on Werner Enterprises from $36.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $29.92.

Werner Enterprises Stock Up 0.2 %

Shares of WERN stock traded up $0.04 during trading on Wednesday, reaching $26.10. The company's stock had a trading volume of 311,948 shares, compared to its average volume of 887,977. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 47.46 and a beta of 1.06. Werner Enterprises has a 1-year low of $23.02 and a 1-year high of $42.48. 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 stock's 50-day moving average price is $29.18 and its 200 day moving average price is $34.49.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The company had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The firm's revenue was down 7.4% on a year-over-year basis. On average, research analysts anticipate that Werner Enterprises will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in Werner Enterprises by 9.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company's stock worth $59,010,000 after buying an additional 143,953 shares in the last quarter. Vanguard Group Inc. increased its stake in Werner Enterprises by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company's stock valued at $241,758,000 after purchasing an additional 32,228 shares in the last quarter. Barclays PLC raised its holdings in Werner Enterprises by 12.8% during the third quarter. Barclays PLC now owns 435,447 shares of the transportation company's stock worth $16,804,000 after purchasing an additional 49,568 shares during the last quarter. Atria Investments Inc grew its holdings in Werner Enterprises by 16.3% in the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company's stock valued at $340,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Werner Enterprises in the fourth quarter valued at $207,000. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

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.