Werner Enterprises Inc. (WERN) Stock Rating Reaffirmed by KeyCorp
Werner Enterprises Inc. (NASDAQ:WERN)‘s stock had its “hold” rating restated by KeyCorp in a note issued to investors on Thursday.
Other equities research analysts have also issued research reports about the stock. Morgan Stanley set a $27.00 price target on shares of Werner Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 18th. Deutsche Bank AG began coverage on shares of Werner Enterprises in a research note on Wednesday, November 2nd. They set a “buy” rating and a $27.00 price target for the company. Cowen and Company raised their price target on shares of Werner Enterprises from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Zacks Investment Research lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Finally, Barclays PLC raised their price target on shares of Werner Enterprises from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.73.
Shares of Werner Enterprises (NASDAQ:WERN) opened at 26.10 on Thursday. The company has a market capitalization of $1.88 billion, a PE ratio of 20.06 and a beta of 0.68. The firm’s 50-day moving average price is $23.82 and its 200 day moving average price is $23.96. Werner Enterprises has a 1-year low of $20.91 and a 1-year high of $28.80.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The firm earned $508.70 million during the quarter, compared to analyst estimates of $500.46 million. Werner Enterprises had a net margin of 4.65% and a return on equity of 9.82%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Equities analysts predict that Werner Enterprises will post $1.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd were issued 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 of this dividend was Thursday, September 29th. Werner Enterprises’s dividend payout ratio is currently 18.46%.
Several hedge funds have recently bought and sold shares of WERN. Capital Fund Management S.A. bought a new stake in Werner Enterprises during the second quarter worth about $2,389,000. Speece Thorson Capital Group Inc. increased its stake in Werner Enterprises by 27.6% in the second quarter. Speece Thorson Capital Group Inc. now owns 605,741 shares of the company’s stock worth $13,914,000 after buying an additional 131,124 shares in the last quarter. American Century Companies Inc. bought a new stake in Werner Enterprises during the second quarter worth about $20,376,000. Stoneridge Investment Partners LLC bought a new stake in Werner Enterprises during the second quarter worth about $260,000. Finally, Creative Planning increased its stake 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 in the last quarter. 64.43% of the stock is owned by 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).
Receive News & Stock Ratings for Werner Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises Inc. and related stocks with our FREE daily email newsletter.