Evercore ISI Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $35.00

Werner Enterprises (NASDAQ:WERN) had its price target dropped by research analysts at Evercore ISI from $39.00 to $35.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price suggests a potential downside of 0.31% from the company’s current price.

A number of other research analysts have also recently weighed in on WERN. Morgan Stanley dropped their price objective on shares of Werner Enterprises from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Stephens reissued an “overweight” rating and set a $49.00 price objective on shares of Werner Enterprises in a research note on Wednesday, February 7th. TD Cowen dropped their price objective on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America reduced their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. Finally, StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and an average target price of $42.92.

Werner Enterprises Price Performance

Werner Enterprises stock traded up $0.91 during mid-day trading on Wednesday, reaching $35.11. The company had a trading volume of 503,351 shares, compared to its average volume of 604,797. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.87. The company has a market capitalization of $2.23 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.06 and a beta of 0.78. The stock’s 50-day simple moving average is $37.82 and its 200-day simple moving average is $39.13.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Werner Enterprises had a net margin of 3.42% and a return on equity of 8.17%. The company had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. During the same period last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities analysts predict that Werner Enterprises will post 1.91 EPS for the current year.

Institutional Investors Weigh In On Werner Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC bought a new stake in shares of Werner Enterprises during the 1st quarter valued at about $267,000. Norden Group LLC boosted its stake in Werner Enterprises by 43.0% during the 1st quarter. Norden Group LLC now owns 11,367 shares of the transportation company’s stock valued at $445,000 after purchasing an additional 3,416 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Werner Enterprises by 3.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,421,798 shares of the transportation company’s stock valued at $55,621,000 after purchasing an additional 48,340 shares during the period. New York State Teachers Retirement System boosted its stake in Werner Enterprises by 1.1% during the 1st quarter. New York State Teachers Retirement System now owns 64,019 shares of the transportation company’s stock valued at $2,504,000 after purchasing an additional 700 shares during the period. Finally, Speece Thorson Capital Group Inc. boosted its stake in Werner Enterprises by 21.1% during the 1st quarter. Speece Thorson Capital Group Inc. now owns 306,242 shares of the transportation company’s stock valued at $11,980,000 after purchasing an additional 53,419 shares during the period. Institutional investors own 89.32% of the company’s stock.

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.