Werner Enterprises Given New $22.00 Price Target at Deutsche Bank (WERN)
Equities research analysts at Deutsche Bank dropped their price objective on shares of Werner Enterprises (NASDAQ:WERN) from $24.00 to $22.00 in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would indicate a potential downside of 9.87% from the stock’s previous close.
Shares of Werner Enterprises (NASDAQ:WERN) traded down 6.15% on Tuesday, hitting $22.91. The stock had a trading volume of 1,745,684 shares. Werner Enterprises has a 52 week low of $20.63 and a 52 week high of $25.44. The stock’s 50-day moving average is $23.82 and its 200-day moving average is $23.96. The company has a market cap of $1.666 billion and a price-to-earnings ratio of 19.07.
Werner Enterprises (NASDAQ:WERN) last released its earnings data on Monday, July 22nd. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.02. The company had revenue of $506.65 million for the quarter, compared to the consensus estimate of $519.28 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post $1.32 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WERN. Analysts at RBC Capital downgraded shares of Werner Enterprises (NASDAQ:WERN) from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday. Separately, analysts at KeyCorp downgraded shares of Werner Enterprises (NASDAQ:WERN) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Finally, analysts at Bank of America Corp. downgraded shares of Werner Enterprises (NASDAQ:WERN) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $24.50 price target on the stock, down previously from $25.00.
One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.47.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 22nd. Stockholders of record on Monday, October 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date of this dividend is Thursday, October 3rd.
Werner Enterprises, Inc is a transportation and logistics company engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce.
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