Werner Enterprises Inc. (WERN) Receives $26.64 Consensus Target Price from Brokerages
Werner Enterprises Inc. (NASDAQ:WERN) has earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $26.64.
Several analysts recently issued reports on the stock. KeyCorp reaffirmed a “hold” rating on shares of Werner Enterprises in a report on Thursday. Deutsche Bank AG assumed coverage on shares of Werner Enterprises in a report on Wednesday, November 2nd. They set a “buy” rating and a $27.00 price objective for the company. Cowen and Company decreased their price objective on shares of Werner Enterprises from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Friday, October 21st. Zacks Investment Research downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Finally, Barclays PLC upped their price objective on shares of Werner Enterprises from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th.
Shares of Werner Enterprises (NASDAQ:WERN) opened at 26.10 on Wednesday. The company has a market cap of $1.88 billion, a P/E ratio of 20.06 and a beta of 0.68. The company’s 50 day moving average is $23.82 and its 200-day moving average is $23.96. Werner Enterprises has a 12 month low of $20.91 and a 12 month high of $28.80.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business earned $508.70 million during the quarter, compared to the consensus estimate of $500.46 million. Werner Enterprises had a net margin of 4.65% and a return on equity of 9.82%. Werner Enterprises’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. Analysts expect that Werner Enterprises will post $1.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 18th. Investors of record on Monday, October 3rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is currently 18.46%.
Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of 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. Paradigm Asset Management Co. LLC boosted its stake in Werner Enterprises by 10.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 6,500 shares of the company’s stock valued at $149,000 after buying an additional 600 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Werner Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the company’s stock valued at $150,000 after buying an additional 790 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Werner Enterprises by 46.4% in the second quarter. Advisors Asset Management Inc. now owns 7,300 shares of the company’s stock valued at $168,000 after buying an additional 2,315 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in Werner Enterprises during the first quarter valued at $200,000. Institutional investors and hedge funds own 64.43% of the company’s stock.
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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