Susquehanna Issues Pessimistic Forecast for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price objective decreased by investment analysts at Susquehanna from $32.00 to $23.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential downside of 7.63% from the company’s previous close.

A number of other equities analysts have also recently commented on WERN. Wells Fargo & Company lowered their target price on Werner Enterprises from $34.00 to $27.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Evercore ISI lowered shares of Werner Enterprises from an “in-line” rating to an “underperform” rating and lowered their price objective for the company from $27.00 to $21.00 in a research note on Wednesday. TD Cowen cut their target price on shares of Werner Enterprises from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday. The Goldman Sachs Group reduced their target price on shares of Werner Enterprises from $36.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. Finally, Citigroup upgraded shares of Werner Enterprises from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $29.00 in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and an average price target of $29.92.

Werner Enterprises Price Performance

Werner Enterprises stock opened at $24.90 on Wednesday. The company’s 50 day simple moving average is $29.31 and its 200-day simple moving average is $34.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $42.48. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 45.27 and a beta of 1.06.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The firm had revenue of $712.11 million during the quarter, compared to analysts’ expectations of $738.41 million. During the same period in the previous year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities research analysts expect that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Werner Enterprises during the fourth quarter worth about $39,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Werner Enterprises by 69.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 483 shares during the period. Blue Trust Inc. grew its stake in Werner Enterprises by 64.7% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the transportation company’s stock worth $50,000 after buying an additional 514 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Werner Enterprises by 796.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,703 shares of the transportation company’s stock valued at $61,000 after buying an additional 1,513 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Werner Enterprises by 35.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,431 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 639 shares during the period. 89.32% of the stock is owned by institutional investors and hedge funds.

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.