Citigroup Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $27.00

Werner Enterprises (NASDAQ:WERN) had its price target decreased by equities research analysts at Citigroup from $29.00 to $27.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 3.21% from the company’s current price.

Other research analysts also recently issued reports about the stock. TD Cowen dropped their target price on shares of Werner Enterprises from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday. Evercore ISI dropped their price objective on Werner Enterprises from $23.00 to $20.00 and set an “underperform” rating on the stock in a report on Friday. Weiss Ratings raised Werner Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Susquehanna dropped their price target on Werner Enterprises from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Finally, Bank of America cut their price target on Werner Enterprises from $27.00 to $26.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $27.07.

Werner Enterprises Trading Up 3.0%

Shares of NASDAQ:WERN opened at $26.16 on Friday. Werner Enterprises has a 52 week low of $23.02 and a 52 week high of $42.48. The company’s 50 day moving average is $27.63 and its two-hundred day moving average is $27.60. The company has a market cap of $1.57 billion, a PE ratio of 30.42, a P/E/G ratio of 1.59 and a beta of 1.06. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.51.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.18). The firm had revenue of $771.50 million for the quarter, compared to analysts’ expectations of $763.63 million. Werner Enterprises had a return on equity of 0.92% and a net margin of 1.77%.Werner Enterprises’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. Equities analysts predict that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Werner Enterprises declared that its board has authorized a share repurchase plan on Monday, August 11th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Werner Enterprises

Several hedge funds have recently made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of Werner Enterprises by 42.0% in the third quarter. Covestor Ltd now owns 2,542 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 752 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Werner Enterprises by 17.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 25,853 shares of the transportation company’s stock worth $680,000 after purchasing an additional 3,919 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Werner Enterprises by 6.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,271 shares of the transportation company’s stock worth $165,000 after buying an additional 403 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Werner Enterprises by 210.3% in the 3rd quarter. SG Americas Securities LLC now owns 51,043 shares of the transportation company’s stock valued at $1,343,000 after buying an additional 34,594 shares during the period. Finally, CWM LLC boosted its stake in shares of Werner Enterprises by 6.6% in the third quarter. CWM LLC now owns 45,345 shares of the transportation company’s stock valued at $1,193,000 after buying an additional 2,811 shares in the last quarter. 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.