Werner Enterprises (NASDAQ:WERN) Price Target Raised to $27.00

Werner Enterprises (NASDAQ:WERN) had its target price lifted by Susquehanna from $25.00 to $27.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other research firms have also commented on WERN. UBS Group lowered their price target on shares of Werner Enterprises from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. 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 target price on the stock. Citigroup raised their target price on Werner Enterprises from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Stifel Nicolaus decreased their price target on Werner Enterprises from $29.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, May 1st. Finally, Barclays dropped their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Werner Enterprises presently has a consensus rating of “Hold” and an average price target of $30.87.

Werner Enterprises Stock Performance

Shares of WERN opened at $26.85 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.62 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.66 billion, a PE ratio of 31.22, a P/E/G ratio of 1.75 and a beta of 1.08. Werner Enterprises has a 12 month low of $23.02 and a 12 month high of $42.48. The stock has a fifty day moving average price of $27.81 and a 200-day moving average price of $29.78.

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

Werner Enterprises Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brooklyn Investment Group boosted its position in shares of Werner Enterprises by 163.5% during the first quarter. Brooklyn Investment Group now owns 959 shares of the transportation company’s stock worth $28,000 after buying an additional 595 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Werner Enterprises by 57.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company’s stock worth $28,000 after acquiring an additional 373 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Werner Enterprises by 69.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company’s stock worth $34,000 after acquiring an additional 483 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Werner Enterprises by 306.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 976 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Werner Enterprises in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

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.