Werner Enterprises (NASDAQ:WERN) Stock Price Target Lowered at Citigroup

Werner Enterprises (NASDAQ:WERN) had its price objective dropped by research analysts at Citigroup from $33.00 to $32.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Citigroup‘s price target points to a potential upside of 17.95% from the company’s current price.

WERN has been the topic of several other reports. Bank of America lowered their target price on Werner Enterprises from $40.00 to $32.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 20th. JPMorgan Chase & Co. raised their price target on Werner Enterprises from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Wednesday. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price objective (down from $43.00) on shares of Werner Enterprises in a report on Tuesday, October 20th. TD Cowen decreased their target price on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Finally, Barclays lowered 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 Tuesday, October 20th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.57.

Werner Enterprises Stock Performance

Shares of NASDAQ:WERN traded down $2.25 during trading hours on Wednesday, hitting $27.13. The stock had a trading volume of 2,595,443 shares, compared to its average volume of 1,095,118. The stock’s fifty day simple moving average is $35.02 and its 200 day simple moving average is $36.13. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -35.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. Werner Enterprises has a 1-year low of $23.06 and a 1-year high of $47.49.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, October 27th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $825.28 million during the quarter, compared to the consensus estimate of $956.55 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Sell-side analysts anticipate that Werner Enterprises will post 0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Werner Enterprises by 17.7% during the 2nd quarter. BlackRock Inc. now owns 10,405,606 shares of the transportation company’s stock valued at $453,788,000 after buying an additional 1,563,170 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 148,826 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of 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 grew its holdings in shares of Werner Enterprises by 3.1% during the 2nd quarter. State Street Corp now owns 2,637,086 shares of the transportation company’s stock worth $115,003,000 after purchasing an additional 79,075 shares in the last quarter. Finally, First Trust Advisors LP increased 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 period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises News Summary

Here are the key news stories impacting Werner Enterprises this week:

• Positive Sentiment: Werner returned to profitability in Q3, reporting adjusted earnings of $0.16 per share versus a $0.03 loss a year earlier. Revenue increased 23.2% year over year, supported by improved fleet efficiency. Werner Enterprises Swings to Q3 Profit
• Positive Sentiment: Management expects fourth-quarter one-way revenue per total mile to rise 10% to 13% and reduced projected 2026 net capital expenditures to $190 million–$205 million, potentially supporting cash flow. Werner Q4 Outlook and Capital Expenditures
• Neutral Sentiment: JPMorgan raised its price target from $33 to $34, but maintained an “underweight” rating. Morgan Stanley remains bullish with an “overweight” rating despite reducing its target from $55 to $52. JPMorgan and Morgan Stanley Ratings
• Negative Sentiment: Quarterly revenue of $825.28 million fell well short of the $956.55 million consensus estimate, overshadowing the earnings-per-share beat versus the prior-year loss. The company also continues to report a negative net margin, highlighting weak profitability. Werner Q3 Earnings Flash
• Negative Sentiment: Stifel lowered its target from $40 to $36 with a “hold” rating, while Wells Fargo cut its target from $35 to $31 and kept an “equal weight” rating. These reductions indicate that analysts remain concerned about the pace and quality of the recovery. Stifel Analyst Rating

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence 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 regional truckload services. Werner also provides logistics services, including freight brokerage, intermodal transportation, cross-border transportation, and supply chain management solutions.