Wells Fargo & Company Lowers Werner Enterprises (NASDAQ:WERN) Price Target to $27.00

Werner Enterprises (NASDAQ:WERN - Get Free Report) had its target price cut by investment analysts at Wells Fargo & Company from $34.00 to $27.00 in a research report issued on Thursday, March 27th,Benzinga reports. The firm presently has an "underweight" rating on the transportation company's stock. Wells Fargo & Company's target price points to a potential downside of 3.30% from the company's previous close.

A number of other research firms have also weighed in on WERN. Barclays cut their target price on shares of Werner Enterprises from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Susquehanna reduced their price objective on shares of Werner Enterprises from $39.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus increased their target price on Werner Enterprises from $30.00 to $35.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Werner Enterprises in a research report on Friday, March 7th. They set a "hold" rating and a $33.00 price objective for the company. Finally, StockNews.com upgraded Werner Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $35.73.

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Werner Enterprises Trading Down 7.2 %

NASDAQ WERN traded down $2.16 during trading on Thursday, hitting $27.92. The stock had a trading volume of 297,316 shares, compared to its average volume of 764,337. The company has a market capitalization of $1.73 billion, a PE ratio of 50.76 and a beta of 0.85. Werner Enterprises has a twelve month low of $27.83 and a twelve month high of $42.48. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $32.78 and a 200 day moving average price of $36.07.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. As a group, equities research analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Werner Enterprises

Institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in Werner Enterprises by 69.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock worth $34,000 after buying an additional 483 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Werner Enterprises during the 4th quarter worth approximately $31,634,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Werner Enterprises by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,453 shares of the transportation company's stock worth $4,542,000 after acquiring an additional 16,366 shares during the period. Squarepoint Ops LLC increased its stake in Werner Enterprises by 70.5% in the 4th quarter. Squarepoint Ops LLC now owns 55,917 shares of the transportation company's stock valued at $2,009,000 after purchasing an additional 23,120 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Werner Enterprises by 75.3% during the fourth quarter. Two Sigma Advisers LP now owns 224,700 shares of the transportation company's stock worth $8,071,000 after purchasing an additional 96,500 shares during the last quarter. 89.32% of the stock is currently owned by hedge funds and other institutional investors.

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.