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.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The company had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. analysts anticipate that Werner Enterprises will post 1.23 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “Werner Enterprises (WERN) Downgraded by BidaskClub to “Buy”” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2018/01/08/werner-enterprises-wern-downgraded-by-bidaskclub-to-buy.html.

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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.