Werner Enterprises (NASDAQ:WERN) Stock Gets Price Target Reduction from Citigroup

by · The Markets Daily

Werner Enterprises (NASDAQ:WERN – Free Report) had its price objective reduced by Citigroup from $43.00 to $37.00 in a research report report published on Wednesday,Benzinga reports. Citigroup currently has a neutral rating on the transportation company’s stock.

WERN has been the subject of several other reports. Morgan Stanley raised their target price on Werner Enterprises from $47.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Stifel Nicolaus increased their price objective on shares of Werner Enterprises from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Evercore raised shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a report on Wednesday, July 1st. Bank of America lifted their target price on shares of Werner Enterprises from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday, July 23rd. Finally, TD Cowen lowered their target price on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.77.

Check Out Our Latest Research Report on WERN

Werner Enterprises Trading Down 0.9%

Werner Enterprises stock opened at $32.70 on Wednesday. The business has a 50 day moving average price of $36.74 and a two-hundred day moving average price of $37.77. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -43.03 and a beta of 1.29. Werner Enterprises has a 12 month low of $23.06 and a 12 month high of $47.49.

Werner Enterprises (NASDAQ:WERN – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%. The firm had revenue of $813.36 million during the quarter, compared to the consensus estimate of $931.12 million. During the same quarter in the prior year, the business posted $0.11 EPS. Werner Enterprises’s revenue was up 24.0% compared to the same quarter last year. As a group, equities analysts forecast that Werner Enterprises will post 1.08 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, October 5th. Werner Enterprises’s dividend payout ratio is -73.68%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP acquired a new stake in shares of Werner Enterprises in the 2nd quarter valued at $38,000. Global Retirement Partners LLC bought a new stake in shares of Werner Enterprises in the 2nd quarter worth about $45,000. Farther Finance Advisors LLC increased its position in shares of Werner Enterprises by 185.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,216 shares of the transportation company’s stock worth $41,000 after purchasing an additional 790 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Werner Enterprises during the 2nd quarter worth about $65,000. Finally, Bayforest Capital Ltd bought a new position in Werner Enterprises during the 2nd quarter valued at about $128,000. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

(Get Free Report)

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.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 logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.

Further Reading