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

Werner Enterprises (NASDAQ:WERN) had its price target cut by stock analysts at Bank of America from $35.00 to $34.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “underperform” rating on the transportation company’s stock. Bank of America‘s price target would suggest a potential downside of 5.92% from the company’s current price.

A number of other brokerages also recently commented on WERN. Stifel Nicolaus downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $42.00 in a research report on Thursday, February 8th. Barclays downgraded shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $45.00 to $40.00 in a research report on Monday, April 1st. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Stephens reissued an “overweight” rating and issued a $49.00 target price on shares of Werner Enterprises in a research report on Wednesday, February 7th. Finally, TD Cowen boosted their target price on shares of Werner Enterprises from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.25.

Werner Enterprises Stock Performance

Shares of WERN opened at $36.14 on Monday. The company’s 50 day moving average price is $38.98 and its 200 day moving average price is $39.39. Werner Enterprises has a 52 week low of $35.02 and a 52 week high of $47.27. The company has a market capitalization of $2.29 billion, a PE ratio of 20.53, a PEG ratio of 1.06 and a beta of 0.78. 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 (NASDAQ:WERN) last announced its quarterly earnings data on Monday, February 5th. The transportation company reported $0.39 EPS 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 company had revenue of $821.90 million for the quarter, compared to analysts’ expectations of $820.90 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. Research analysts expect that Werner Enterprises will post 2.02 EPS for the current fiscal year.

Institutional Trading of Werner Enterprises

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Werner Enterprises by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,854,948 shares of the transportation company’s stock worth $228,050,000 after buying an additional 48,380 shares during the period. Raymond James & Associates boosted its holdings in shares of Werner Enterprises by 35.3% during the 4th quarter. Raymond James & Associates now owns 169,187 shares of the transportation company’s stock worth $7,168,000 after buying an additional 44,159 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Werner Enterprises by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 576,100 shares of the transportation company’s stock worth $22,439,000 after buying an additional 39,825 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Werner Enterprises by 27.8% during the 3rd quarter. AQR Capital Management LLC now owns 705,304 shares of the transportation company’s stock worth $27,472,000 after buying an additional 153,271 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Werner Enterprises during the 3rd quarter worth $6,643,000. 89.32% of the stock is owned by institutional investors.

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.