Wells Fargo & Company Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $27.00

Werner Enterprises (NASDAQ:WERN) had its target price lowered by Wells Fargo & Company from $34.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 7.94% from the company’s current price.

A number of other research firms have also recently weighed in on WERN. Susquehanna lowered their price target on Werner Enterprises from $39.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday. Stifel Nicolaus increased their target price on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. StockNews.com raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They set a “hold” rating and a $33.00 price objective for the company. Finally, Barclays cut their target price on Werner Enterprises from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.13.

Werner Enterprises Price Performance

Shares of WERN stock opened at $29.33 on Thursday. 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 company has a market capitalization of $1.81 billion, a PE ratio of 53.33 and a beta of 0.85. The firm’s 50-day moving average is $33.23 and its two-hundred day moving average is $36.22. Werner Enterprises has a 12 month low of $28.77 and a 12 month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. Analysts predict that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Trading of Werner Enterprises

Several hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of Werner Enterprises in the 3rd quarter valued at approximately $485,000. Intech Investment Management LLC acquired a new position in shares of Werner Enterprises during the third quarter worth $630,000. Edgestream Partners L.P. increased its holdings in Werner Enterprises by 31.1% in the third quarter. Edgestream Partners L.P. now owns 84,085 shares of the transportation company’s stock valued at $3,245,000 after buying an additional 19,944 shares during the last quarter. Holocene Advisors LP raised its stake in Werner Enterprises by 19.8% in the third quarter. Holocene Advisors LP now owns 98,550 shares of the transportation company’s stock valued at $3,803,000 after buying an additional 16,280 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Werner Enterprises in the third quarter valued at $1,408,000. 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.