JPMorgan Chase & Co. Has Lowered Expectations for Werner Enterprises (NASDAQ:WERN) Stock Price

Werner Enterprises (NASDAQ:WERN) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $39.00 to $33.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 0.58% from the stock’s current price.

A number of other research firms have also commented on WERN. Stephens raised Werner Enterprises to a “strong-buy” rating in a research note on Wednesday, July 8th. Susquehanna upgraded Werner Enterprises from a “neutral” rating to a “positive” rating and lowered their target price for the company from $48.00 to $44.00 in a research note on Thursday, July 30th. Stifel Nicolaus lifted their price target on Werner Enterprises from $36.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 13th. TD Cowen reduced their price target on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Finally, Robert W. Baird raised shares of Werner Enterprises from a “neutral” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.38.

Werner Enterprises Trading Down 3.9%

Shares of WERN stock opened at $32.81 on Monday. The company has a market capitalization of $1.97 billion, a P/E ratio of -43.17 and a beta of 1.29. Werner Enterprises has a 12-month low of $23.06 and a 12-month high of $47.49. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $37.00 and a 200 day moving average price of $37.73.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $813.36 million for the quarter, compared to analyst estimates of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. Research analysts forecast that Werner Enterprises will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Werner Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Werner Enterprises by 17.7% in the 2nd quarter. BlackRock Inc. now owns 10,405,606 shares of the transportation company’s stock valued at $453,788,000 after purchasing an additional 1,563,170 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Werner Enterprises by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,794,752 shares of the transportation company’s stock valued at $111,601,000 after buying an additional 148,826 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Werner Enterprises by 11.1% in the first quarter. Deprince Race & Zollo Inc. now owns 3,055,017 shares of the transportation company’s stock valued at $89,848,000 after buying an additional 304,983 shares during the period. State Street Corp boosted its stake in Werner Enterprises by 3.1% in the second quarter. State Street Corp now owns 2,637,086 shares of the transportation company’s stock valued at $115,003,000 after acquiring an additional 79,075 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Werner Enterprises by 1,361.0% in the first quarter. First Trust Advisors LP now owns 1,921,152 shares of the transportation company’s stock valued at $56,501,000 after acquiring an additional 1,789,653 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

About Werner Enterprises

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.