Stifel recently adjusted its outlook on Werner Enterprises (WERN, Financial), reducing the company's price target from $35 to $29 while maintaining a Hold rating. This revision comes as the Truckload shipping sector approaches equilibrium levels not seen since 2018-19. However, the analyst notes that weakening demand fundamentals could limit earnings potential in this market.
In light of these challenges, Stifel suggests that investors who are hopeful for a market recovery might find more favorable opportunities within the Less-than-Truckload segment, which is perceived as more stable fundamentally. This advice is part of the firm's broader industry outlook, signaling potential shifts in investment strategies for those looking to capitalize on the current market environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Werner Enterprises Inc (WERN, Financial) is $33.86 with a high estimate of $50.00 and a low estimate of $27.00. The average target implies an upside of 18.88% from the current price of $28.48. More detailed estimate data can be found on the Werner Enterprises Inc (WERN) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Werner Enterprises Inc's (WERN, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Werner Enterprises Inc (WERN, Financial) in one year is $41.66, suggesting a upside of 46.28% from the current price of $28.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Werner Enterprises Inc (WERN) Summary page.
