Analysts Set Werner Enterprises, Inc. (NASDAQ:WERN) Target Price at $37.57

Werner Enterprises, Inc. (NASDAQ:WERNGet Free Report) has been assigned an average rating of “Reduce” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.57.

A number of research firms recently issued reports on WERN. UBS Group downgraded Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. Citigroup started coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price target for the company. StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group cut their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, Stephens decreased their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th.

Check Out Our Latest Stock Report on WERN

Hedge Funds Weigh In On Werner Enterprises

Several large investors have recently added to or reduced their stakes in WERN. Nuance Investments LLC lifted its position in Werner Enterprises by 30.0% in the 1st quarter. Nuance Investments LLC now owns 2,948,542 shares of the transportation company’s stock valued at $115,347,000 after purchasing an additional 680,194 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Werner Enterprises by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,420,141 shares of the transportation company’s stock valued at $272,021,000 after acquiring an additional 565,193 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Werner Enterprises by 37.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,665,309 shares of the transportation company’s stock worth $59,668,000 after purchasing an additional 450,522 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Werner Enterprises by 65.5% in the 2nd quarter. AQR Capital Management LLC now owns 879,371 shares of the transportation company’s stock valued at $31,455,000 after acquiring an additional 348,154 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Werner Enterprises by 15.5% during the second quarter. American Century Companies Inc. now owns 1,506,663 shares of the transportation company’s stock valued at $53,984,000 after buying an additional 201,843 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors.

Werner Enterprises Trading Up 2.2 %

WERN opened at $38.18 on Friday. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $43.26. The business has a fifty day moving average price of $37.08 and a 200 day moving average price of $36.73. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.64. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 11.70 and a beta of 0.79.

Werner Enterprises (NASDAQ:WERNGet Free Report) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The business had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. During the same period last year, the business posted $0.52 EPS. Werner Enterprises’s revenue was down 6.2% on a year-over-year basis. Sell-side analysts expect that Werner Enterprises will post 0.87 earnings per share for the current fiscal year.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, October 7th. Werner Enterprises’s dividend payout ratio is currently 56.57%.

About Werner Enterprises

(Get Free Report

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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