JPMorgan Chase & Co. Reiterates “Underweight” Rating for Werner Enterprises (NASDAQ:WERN)

Werner Enterprises (NASDAQ:WERN)‘s stock had its “underweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, MarketBeat reports. They currently have a $32.00 target price on the transportation company’s stock, down from their previous target price of $36.00. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 7.67% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Susquehanna reissued a “negative” rating and issued a $27.00 target price (down from $32.00) on shares of Werner Enterprises in a report on Monday, June 24th. StockNews.com upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, June 20th. TD Cowen lowered their price target on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Stifel Nicolaus reduced their price objective on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Finally, Stephens restated an “equal weight” rating and set a $40.00 price objective on shares of Werner Enterprises in a research report on Thursday, May 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.69.

Werner Enterprises Trading Up 1.3 %

Shares of NASDAQ WERN opened at $34.66 on Tuesday. The company has a market cap of $2.20 billion, a PE ratio of 26.46, a P/E/G ratio of 2.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.85 and a current ratio of 1.90. The firm’s 50 day moving average price is $36.40 and its 200-day moving average price is $38.21. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $47.27.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). The business had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a net margin of 2.59% and a return on equity of 6.15%. Werner Enterprises’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, equities research analysts expect that Werner Enterprises will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC grew its stake in shares of Werner Enterprises by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 16,574 shares of the transportation company’s stock valued at $702,000 after buying an additional 259 shares during the period. WealthPlan Investment Management LLC lifted its holdings in Werner Enterprises by 2.2% in the fourth quarter. WealthPlan Investment Management LLC now owns 14,295 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 301 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its position in Werner Enterprises by 3.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,937 shares of the transportation company’s stock worth $421,000 after acquiring an additional 308 shares during the period. QRG Capital Management Inc. increased its stake in Werner Enterprises by 5.2% during the fourth quarter. QRG Capital Management Inc. now owns 6,576 shares of the transportation company’s stock worth $279,000 after acquiring an additional 328 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Werner Enterprises by 139.9% in the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 410 shares during the period. Hedge funds and other 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.