Werner Enterprises (NASDAQ:WERN) Price Target Lowered to $28.00 at The Goldman Sachs Group

Werner Enterprises (NASDAQ:WERN) had its price objective lowered by investment analysts at The Goldman Sachs Group from $36.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “sell” rating on the transportation company’s stock. The Goldman Sachs Group’s price target points to a potential downside of 1.69% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. 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 report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a “hold” rating and a $33.00 price target for the company. Stifel Nicolaus raised their price objective on 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 lowered Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. Finally, Citigroup upgraded Werner Enterprises from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $32.00 to $29.00 in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.07.

Werner Enterprises Stock Down 0.1 %

NASDAQ:WERN opened at $28.48 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. Werner Enterprises has a 12-month low of $26.50 and a 12-month high of $42.48. The stock’s fifty day simple moving average is $31.22 and its 200-day simple moving average is $35.49. The firm has a market capitalization of $1.76 billion, a P/E ratio of 51.78 and a beta of 1.06.

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

Hedge Funds Weigh In On Werner Enterprises

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Werner Enterprises by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after purchasing an additional 32,228 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Werner Enterprises by 0.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,121,696 shares of the transportation company’s stock worth $76,211,000 after buying an additional 19,370 shares in the last quarter. American Century Companies Inc. lifted its position in Werner Enterprises by 13.4% during the 4th quarter. American Century Companies Inc. now owns 1,987,187 shares of the transportation company’s stock worth $71,380,000 after buying an additional 234,811 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Werner Enterprises by 9.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,660,846 shares of the transportation company’s stock valued at $59,010,000 after acquiring an additional 143,953 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new stake in shares of Werner Enterprises in the fourth quarter valued at about $35,257,000. 89.32% of the stock is owned by 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.