Werner Enterprises Stock Rating Lowered by Robert W. Baird (WERN)
Werner Enterprises (NASDAQ:WERN) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Werner Enterprises (NASDAQ:WERN) traded down 0.42% on Friday, hitting $23.55. 1,142,407 shares of the company’s stock traded hands. Werner Enterprises has a 52-week low of $20.63 and a 52-week high of $25.44. The stock has a 50-day moving average of $23.4 and a 200-day moving average of $23.87. The company has a market cap of $1.713 billion and a P/E ratio of 18.48.
Werner Enterprises (NASDAQ:WERN) last released its earnings data on Thursday, October 17th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29. The company had revenue of $511.70 million for the quarter, compared to the consensus estimate of $503.82 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post $1.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 22nd. Shareholders of record on Monday, October 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.46%. The ex-dividend date is Thursday, October 3rd.
A number of other firms have also recently commented on WERN. Analysts at Raymond James cut their price target on shares of Werner Enterprises from $28.00 to $26.00 in a research note to investors on Wednesday, September 18th. They now have an “outperform” rating on the stock. Separately, analysts at Merrill Lynch downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. Finally, analysts at Barclays cut their price target on shares of Werner Enterprises from $29.00 to $27.00 in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $24.56.
Werner Enterprises, Inc is a transportation and logistics company engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.