Barclays Has Lowered Expectations for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its target price lowered by analysts at Barclays from $32.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential upside of 12.45% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company cut their price target on shares of Werner Enterprises from $27.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday. TD Cowen cut their target price on Werner Enterprises from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Stifel Nicolaus cut their price objective 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. Finally, Susquehanna decreased their target price on Werner Enterprises from $32.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.92.

Werner Enterprises Stock Performance

Shares of Werner Enterprises stock opened at $24.90 on Wednesday. The company has a market cap of $1.54 billion, a PE ratio of 45.27 and a beta of 1.06. 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 52 week low of $23.02 and a 52 week high of $42.48. The business has a 50 day moving average price of $29.31 and a 200-day moving average price of $34.60.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share 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 for the quarter, compared to the consensus estimate of $738.41 million. During the same quarter last year, the business posted $0.14 earnings per share. Werner Enterprises’s revenue was down 7.4% on a year-over-year basis. Equities analysts anticipate that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its holdings in Werner Enterprises by 12.8% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Werner Enterprises in the third quarter worth about $96,000. Cim Investment Management Inc. bought a new position in shares of Werner Enterprises in the third quarter valued at approximately $203,000. Tidal Investments LLC grew its stake in Werner Enterprises by 21.4% during the third quarter. Tidal Investments LLC now owns 13,856 shares of the transportation company’s stock valued at $535,000 after acquiring an additional 2,445 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Werner Enterprises by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 85,815 shares of the transportation company’s stock worth $3,312,000 after acquiring an additional 559 shares during the period. 89.32% of the stock is currently owned by hedge funds and other 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.