Werner Enterprises Inc. (NASDAQ:WERN) was downgraded by stock analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a note issued to investors on Monday. They presently have a $27.00 target price on the stock. Deutsche Bank AG’s target price indicates a potential upside of 1.31% from the company’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley set a $27.00 price objective on Werner Enterprises and gave the stock a “buy” rating in a research report on Thursday, August 18th. Barclays PLC boosted their target price 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. KeyCorp reiterated a “hold” rating on shares of Werner Enterprises in a research note on Thursday, November 10th. 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. Finally, Cowen and Company boosted their target price 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. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Werner Enterprises currently has an average rating of “Hold” and a consensus target price of $26.73.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

Werner Enterprises (NASDAQ:WERN) opened at 26.65 on Monday. Werner Enterprises has a 52 week low of $20.91 and a 52 week high of $28.80. The company has a 50-day moving average price of $24.02 and a 200-day moving average price of $23.93. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 20.48 and a beta of 0.68.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Werner Enterprises had a return on equity of 9.82% and a net margin of 4.65%. The business had revenue of $508.70 million for the quarter, compared to analyst estimates of $500.46 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. Equities research analysts anticipate that Werner Enterprises will post $1.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.90%. Werner Enterprises’s dividend payout ratio is currently 18.46%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Werner Enterprises by 0.4% in the third quarter. Hsbc Holdings PLC now owns 10,972 shares of the company’s stock valued at $255,000 after buying an additional 48 shares in the last quarter. State Treasurer State of Michigan boosted its position in Werner Enterprises by 0.6% in the third quarter. State Treasurer State of Michigan now owns 17,975 shares of the company’s stock valued at $418,000 after buying an additional 100 shares in the last quarter. BlackRock Group LTD boosted its position in Werner Enterprises by 0.3% in the third quarter. BlackRock Group LTD now owns 34,705 shares of the company’s stock valued at $808,000 after buying an additional 103 shares in the last quarter. 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 valued at $379,000 after buying an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Werner Enterprises by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,050 shares of the company’s stock valued at $467,000 after buying an additional 280 shares in the last quarter. 64.43% of the stock is owned by hedge funds and other institutional investors.

About Werner Enterprises

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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