Werner Enterprises Inc. (NASDAQ:WERN) Receives $26.80 Average Target Price from Brokerages
Werner Enterprises Inc. (NASDAQ:WERN) has earned an average rating of “Hold” from the twenty-one ratings firms that are covering the firm. Two investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $26.80.
Several equities analysts have commented on WERN shares. Barclays PLC upped their price objective on shares of Werner Enterprises from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. TheStreet downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Zacks Investment Research upgraded shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Susquehanna restated a “neutral” rating on shares of Werner Enterprises in a research note on Wednesday, June 22nd. Finally, Cowen and Company decreased their price target on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating on the stock in a research note on Tuesday, June 21st.
Shares of Werner Enterprises (NASDAQ:WERN) opened at 23.85 on Wednesday. The firm has a market cap of $1.72 billion, a PE ratio of 16.10 and a beta of 0.81. Werner Enterprises has a 52-week low of $20.91 and a 52-week high of $28.80. The firm has a 50-day moving average of $23.44 and a 200 day moving average of $24.46.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a net margin of 5.24% and a return on equity of 11.42%. The firm had revenue of $498.68 million for the quarter, compared to the consensus estimate of $499.50 million. During the same period in the previous year, the company earned $0.44 earnings per share. On average, equities analysts predict that Werner Enterprises will post $1.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. Werner Enterprises’s dividend payout ratio (DPR) is currently 16.22%.
Several hedge funds and other institutional investors have recently bought and sold shares of WERN. Creative Planning boosted its position in Werner Enterprises by 1.2% in the second quarter. Creative Planning now owns 16,500 shares of the company’s stock worth $379,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Werner Enterprises by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,735 shares of the company’s stock worth $338,000 after buying an additional 362 shares during the period. Public Employees Retirement System of Ohio boosted its position in Werner Enterprises by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,962 shares of the company’s stock worth $137,000 after buying an additional 380 shares during the period. Ameritas Investment Partners Inc. boosted its position in Werner Enterprises by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 10,487 shares of the company’s stock worth $241,000 after buying an additional 513 shares during the period. Finally, BlackRock Advisors LLC boosted its position in Werner Enterprises by 3.0% in the second quarter. BlackRock Advisors LLC now owns 20,484 shares of the company’s stock worth $471,000 after buying an additional 592 shares during the period. 64.80% of the stock is owned by hedge funds and other institutional investors.
Werner Enterprises Company Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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