Werner Enterprises (NASDAQ:WERN) Price Target Raised to $42.00

Werner Enterprises (NASDAQ:WERN) had its price target boosted by Stifel Nicolaus from $40.00 to $42.00 in a research report released on Thursday,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Several other brokerages have also commented on WERN. Stephens upgraded Werner Enterprises to a “strong-buy” rating in a research report on Wednesday, July 8th. Citigroup lowered their target price on Werner Enterprises from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday. The Goldman Sachs Group boosted their price target on Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research cut Werner Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Evercore raised shares of Werner Enterprises from an “underperform” rating to an “in-line” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.77.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $32.70 on Thursday. The company has a market capitalization of $1.96 billion, a PE ratio of -43.03 and a beta of 1.29. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.60. Werner Enterprises has a twelve month low of $23.06 and a twelve month high of $47.49. The firm has a fifty day simple moving average of $36.74 and a 200 day simple moving average of $37.77.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The firm had revenue of $813.36 million for the quarter, compared to the consensus estimate of $931.12 million. During the same period last year, the company posted $0.11 EPS. The business’s revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts forecast that Werner Enterprises will post 1.08 EPS for the current year.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Monday, October 5th will be paid a $0.14 dividend. The ex-dividend date is Monday, October 5th. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. Werner Enterprises’s dividend payout ratio (DPR) is currently -73.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in Werner Enterprises in the second quarter valued at approximately $38,000. Global Retirement Partners LLC bought a new stake in shares of Werner Enterprises during the second quarter valued at approximately $45,000. Farther Finance Advisors LLC raised its position in shares of Werner Enterprises by 185.4% during the third quarter. Farther Finance Advisors LLC now owns 1,216 shares of the transportation company’s stock worth $41,000 after purchasing an additional 790 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Werner Enterprises during the second quarter worth approximately $65,000. Finally, Bayforest Capital Ltd bought a new position in shares of Werner Enterprises in the 2nd quarter worth $128,000. 89.32% of the stock is owned by institutional investors and hedge funds.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by C.L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports general commodities through one-way and dedicated fleets, while its logistics operations arrange transportation using a network of carriers and other service providers.