Stifel Nicolaus Issues Positive Forecast for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price objective hoisted by investment analysts at Stifel Nicolaus from $36.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential downside of 8.78% from the company’s previous close.

WERN has been the subject of a number of other research reports. TD Cowen boosted their target price on Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th. UBS Group increased their price objective on shares of Werner Enterprises from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Susquehanna upped their price objective on Werner Enterprises from $38.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley lifted their price objective on Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.77.

Werner Enterprises Stock Performance

NASDAQ WERN opened at $43.85 on Monday. The stock’s fifty day moving average price is $40.86 and its 200-day moving average price is $35.29. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. The stock has a market cap of $2.63 billion, a P/E ratio of -292.33, a P/E/G ratio of 0.89 and a beta of 1.26. Werner Enterprises has a 12 month low of $23.06 and a 12 month high of $45.27.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Tuesday, April 28th. The transportation company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The business had revenue of $730.14 million during the quarter, compared to analysts’ expectations of $812.50 million. During the same period in the previous year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts forecast that Werner Enterprises will post 0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WERN. Royal Bank of Canada boosted its stake in shares of Werner Enterprises by 33.8% during the first quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 5,473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Werner Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock worth $1,075,000 after buying an additional 1,598 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock worth $3,717,000 after purchasing an additional 401 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Werner Enterprises by 24.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company’s stock valued at $2,100,000 after buying an additional 15,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Werner Enterprises by 159.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company’s stock valued at $6,186,000 after acquiring an additional 138,995 shares in the last quarter. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one?truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.