Morgan Stanley set a $42.00 target price on Werner Enterprises (NASDAQ:WERN) in a report released on Monday morning, Stock Target Advisor reports. The firm currently has a buy rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on WERN. Zacks Investment Research cut shares of Hudson Technologies from a hold rating to a sell rating in a report on Monday, April 1st. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Cowen upped their price target on shares of Werner Enterprises from $35.00 to $36.00 and gave the company a market perform rating in a report on Friday, April 26th. Stephens set a $112.00 price target on shares of Genesee & Wyoming and gave the company a hold rating in a report on Monday, July 1st. Finally, BidaskClub upgraded shares of Zumiez from a sell rating to a hold rating in a report on Saturday, June 22nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $40.00.

NASDAQ WERN traded down $0.11 during trading on Monday, reaching $29.74. 962,951 shares of the stock traded hands, compared to its average volume of 656,957. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.93 and a beta of 1.23. Werner Enterprises has a fifty-two week low of $27.27 and a fifty-two week high of $42.80. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average is $29.94.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $596.10 million during the quarter, compared to analysts’ expectations of $620.14 million. Werner Enterprises had a net margin of 7.08% and a return on equity of 14.56%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. As a group, equities analysts anticipate that Werner Enterprises will post 2.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, June 28th. Werner Enterprises’s payout ratio is 15.13%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc boosted its holdings in Werner Enterprises by 150.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the transportation company’s stock worth $30,000 after purchasing an additional 600 shares during the last quarter. Motco acquired a new position in Werner Enterprises during the first quarter worth $33,000. PNC Financial Services Group Inc. boosted its holdings in Werner Enterprises by 81.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,262 shares of the transportation company’s stock worth $37,000 after purchasing an additional 567 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in Werner Enterprises during the first quarter worth $58,000. Finally, Advisor Group Inc. boosted its holdings in Werner Enterprises by 145.4% during the fourth quarter. Advisor Group Inc. now owns 2,123 shares of the transportation company’s stock worth $61,000 after purchasing an additional 1,258 shares during the last quarter. Institutional investors and hedge funds own 66.76% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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