BidaskClub Lowers Werner Enterprises (WERN) to Buy
BidaskClub cut shares of Werner Enterprises (NASDAQ:WERN) from a strong-buy rating to a buy rating in a research report report published on Friday.
A number of other equities analysts have also weighed in on WERN. Barclays increased their target price on Werner Enterprises from $25.00 to $32.00 and gave the stock an equal weight rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Werner Enterprises from a hold rating to a buy rating and set a $39.00 price objective on the stock in a research note on Wednesday, September 27th. Stifel Nicolaus restated a hold rating and set a $36.00 price objective on shares of Werner Enterprises in a research note on Sunday, October 1st. Bank of America lowered Werner Enterprises from a neutral rating to an underperform rating and lowered their price objective for the stock from $35.00 to $33.00 in a research note on Tuesday, October 10th. Finally, Robert W. Baird restated a hold rating and set a $38.00 price objective on shares of Werner Enterprises in a research note on Friday, October 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Werner Enterprises currently has an average rating of Hold and an average price target of $35.20.
Werner Enterprises (WERN) opened at $39.50 on Friday. The firm has a market capitalization of $2,766.89, a P/E ratio of 34.35, a PEG ratio of 1.66 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.73 and a current ratio of 1.78. Werner Enterprises has a 52 week low of $24.20 and a 52 week high of $39.85.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. Werner Enterprises’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. research analysts expect that Werner Enterprises will post 1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.71%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.
Institutional investors have recently bought and sold shares of the business. ING Groep NV bought a new position in shares of Werner Enterprises in the 3rd quarter valued at $201,000. Crossmark Global Holdings Inc. bought a new position in shares of Werner Enterprises in the 3rd quarter valued at $203,000. Rehmann Capital Advisory Group bought a new position in shares of Werner Enterprises in the 3rd quarter valued at $233,000. Amalgamated Bank bought a new position in shares of Werner Enterprises in the 3rd quarter valued at $234,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Werner Enterprises in the 3rd quarter valued at $236,000. Hedge funds and other institutional investors own 64.71% of the company’s stock.
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About Werner Enterprises
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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