Werner Enterprises (NASDAQ:WERN) Price Target Raised to $25.00

by · The Cerbat Gem

Werner Enterprises (NASDAQ:WERN – Free Report) had its target price increased by Susquehanna from $23.00 to $25.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other brokerages have also commented on WERN. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Werner Enterprises in a research report on Friday, March 7th. They issued a “hold” rating and a $33.00 price objective on the stock. TD Cowen reduced their price objective on shares of Werner Enterprises from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Bank of America lifted their target price on Werner Enterprises from $26.00 to $27.00 and gave the company an “underperform” rating in a research report on Friday, June 13th. Stifel Nicolaus dropped their target price on Werner Enterprises from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, May 1st. Finally, UBS Group decreased their price target on Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Werner Enterprises currently has a consensus rating of “Hold” and an average target price of $30.64.

View Our Latest Analysis on Werner Enterprises

Werner Enterprises Stock Performance

WERN opened at $27.42 on Tuesday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 94.55, a P/E/G ratio of 1.26 and a beta of 1.06. The business’s 50-day moving average price is $27.09 and its two-hundred day moving average price is $31.25. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $42.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.62.

Werner Enterprises (NASDAQ:WERN – Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.24). The firm had revenue of $712.11 million during the quarter, compared to analyst estimates of $738.41 million. Werner Enterprises had a net margin of 0.60% and a return on equity of 1.20%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. Equities analysts expect that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, July 7th. Werner Enterprises’s dividend payout ratio is 193.10%.

Hedge Funds Weigh In On Werner Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Werner Enterprises during the 1st quarter worth about $686,000. Vanguard Group Inc. boosted its holdings in shares of Werner Enterprises by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,730,457 shares of the transportation company’s stock worth $241,758,000 after acquiring an additional 32,228 shares during the period. Atria Investments Inc grew its position in shares of Werner Enterprises by 16.3% in the fourth quarter. Atria Investments Inc now owns 9,479 shares of the transportation company’s stock valued at $340,000 after purchasing an additional 1,329 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Werner Enterprises by 164.3% during the first quarter. SG Americas Securities LLC now owns 11,066 shares of the transportation company’s stock worth $324,000 after purchasing an additional 6,879 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Werner Enterprises by 34.5% during the 4th quarter. Deutsche Bank AG now owns 53,640 shares of the transportation company’s stock worth $1,927,000 after purchasing an additional 13,758 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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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