Werner Enterprises (NASDAQ:WERN) Price Target Raised to $25.00

Werner Enterprises (NASDAQ:WERN) had its price objective boosted by Evercore ISI from $21.00 to $25.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Evercore ISI currently has an underperform rating on the transportation company’s stock.

WERN has been the topic of a number of other research reports. Wall Street Zen downgraded Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, May 8th. Robert W. Baird started coverage on Werner Enterprises in a research note on Tuesday, July 1st. They issued an “underperform” rating and a $25.00 price objective on the stock. Barclays decreased their target price on Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus dropped their target price on shares of Werner Enterprises from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group upgraded shares of Werner Enterprises from a “sell” rating to a “buy” rating and raised their price target for the company from $25.00 to $39.00 in a report on Monday, June 2nd. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $30.87.

Werner Enterprises Stock Performance

Shares of WERN stock opened at $26.85 on Wednesday. Werner Enterprises has a one year low of $23.02 and a one year high of $42.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.62 and a current ratio of 1.74. The company has a 50 day moving average price of $27.81 and a 200 day moving average price of $29.78. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $753.15 million during the quarter, compared to analysts’ expectations of $736.09 million. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS. Sell-side analysts anticipate that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Monday, July 7th were paid a $0.14 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.56 annualized dividend and a dividend yield of 2.1%. Werner Enterprises’s dividend payout ratio is 193.10%.

Institutional Trading of Werner Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Maple Rock Capital Partners Inc. acquired a new stake in shares of Werner Enterprises in the 4th quarter valued at about $35,257,000. Wellington Management Group LLP bought a new stake in Werner Enterprises in the fourth quarter valued at about $31,634,000. Jacobs Levy Equity Management Inc. raised its stake in Werner Enterprises by 1,642.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 620,855 shares of the transportation company’s stock valued at $18,191,000 after buying an additional 585,218 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Werner Enterprises during the first quarter valued at approximately $9,102,000. Finally, Empowered Funds LLC bought a new position in Werner Enterprises during the 1st quarter worth approximately $6,227,000. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Company Profile

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.