Werner Enterprises (WERN) Downgraded by BidaskClub to “Buy”
BidaskClub cut shares of Werner Enterprises (NASDAQ:WERN) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.
Several other research firms also recently weighed in on WERN. Zacks Investment Research upgraded shares of Werner Enterprises from a hold rating to a buy rating and set a $44.00 price objective on the stock in a report on Tuesday, December 26th. Barclays upped their price objective on shares of Werner Enterprises from $25.00 to $32.00 and gave the stock an equal weight rating in a report on Monday, October 2nd. Stifel Nicolaus restated a hold rating and set a $36.00 price objective on shares of Werner Enterprises in a report on Sunday, October 1st. Robert W. Baird restated a hold rating and set a $38.00 price objective on shares of Werner Enterprises in a report on Friday, October 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Werner Enterprises from $26.00 to $35.00 and gave the stock a neutral rating in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $35.20.
Werner Enterprises (WERN) traded down $0.20 during trading on Friday, hitting $38.25. 1,011,700 shares of the company were exchanged, compared to its average volume of 766,100. The company has a quick ratio of 1.73, a current ratio of 1.78 and a debt-to-equity ratio of 0.07. Werner Enterprises has a 52 week low of $24.20 and a 52 week high of $39.85. The firm has a market cap of $2,766.89, a P/E ratio of 33.26, a PEG ratio of 1.66 and a beta of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.73%. Werner Enterprises’s payout ratio is 24.35%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. ING Groep NV bought a new stake in shares of Werner Enterprises in the 3rd quarter worth $201,000. Crossmark Global Holdings Inc. bought a new stake in shares of Werner Enterprises in the 3rd quarter worth $203,000. Rehmann Capital Advisory Group bought a new stake in shares of Werner Enterprises in the 3rd quarter worth $233,000. Amalgamated Bank bought a new stake in shares of Werner Enterprises in the 3rd quarter worth $234,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Werner Enterprises in the 3rd quarter worth $236,000. Hedge funds and other institutional investors own 64.71% of the company’s stock.
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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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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