Werner Enterprises, Inc. (NASDAQ:WERN) Receives $26.93 Average PT from Brokerages

by · The Cerbat Gem

Werner Enterprises, Inc. (NASDAQ:WERN – Get Free Report) has earned a consensus recommendation of “Reduce” from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $26.9286.

Several research firms have recently weighed in on WERN. Evercore ISI cut their target price on shares of Werner Enterprises from $23.00 to $20.00 and set an “underperform” rating for the company in a report on Friday, October 31st. Morgan Stanley decreased their price objective on shares of Werner Enterprises from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Bank of America dropped their target price on Werner Enterprises from $27.00 to $26.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 10th. UBS Group reduced their price target on Werner Enterprises from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Wells Fargo & Company dropped their price objective on Werner Enterprises from $25.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, October 6th.

Get Our Latest Analysis on WERN

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC purchased a new stake in Werner Enterprises during the 2nd quarter worth approximately $27,000. Brooklyn Investment Group increased its position in shares of Werner Enterprises by 163.5% during the first quarter. Brooklyn Investment Group now owns 959 shares of the transportation company’s stock worth $28,000 after purchasing an additional 595 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Werner Enterprises by 57.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock worth $28,000 after purchasing an additional 373 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Werner Enterprises by 289.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,293 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 961 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Werner Enterprises by 306.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 976 shares in the last quarter. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Price Performance

Shares of WERN opened at $27.18 on Friday. The business’s 50-day moving average is $26.25 and its two-hundred day moving average is $27.28. The company has a market capitalization of $1.63 billion, a P/E ratio of 31.60, a P/E/G ratio of 1.59 and a beta of 1.08. Werner Enterprises has a fifty-two week low of $23.02 and a fifty-two week high of $40.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.63 and a current ratio of 1.67.

Werner Enterprises (NASDAQ:WERN – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.18). Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The company had revenue of $712.04 million for the quarter, compared to analysts’ expectations of $763.63 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Research analysts predict that Werner Enterprises will post 1.27 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Monday, January 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, January 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.1%. Werner Enterprises’s dividend payout ratio (DPR) is currently 136.59%.

Werner Enterprises announced that its Board of Directors has approved a stock repurchase program on Monday, August 11th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Werner Enterprises Company Profile

(Get Free Report)

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.

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