Werner Enterprises Reaches New 12-Month High Following Analyst Upgrade (WERN)
Shares of Werner Enterprises (NASDAQ:WERN) reached a new 52-week high during trading on Tuesday after Barclays raised their price target on the stock from $26.00 to $27.00, Stock Ratings Network.com reports. Barclays currently has an equal weight rating on the stock. Werner Enterprises traded as high as $27.03 and last traded at $26.94, with a volume of 346,629 shares changing hands. The stock had previously closed at $26.51.
Separately, analysts at Robert W. Baird raised their price target on shares of Werner Enterprises from $27.00 to $28.00 in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.57.
In other Werner Enterprises news, VP Jim S. Schelble sold 10,000 shares of Werner Enterprises stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $26.74, for a total transaction of $267,400.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
The stock’s 50-day moving average is $26.26 and its 200-day moving average is $25.65. The company has a market cap of $1.950 billion and a price-to-earnings ratio of 23.23.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The company had revenue of $492.02 million for the quarter, compared to the consensus estimate of $500.27 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post $1.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 22nd. Investors of record on Monday, July 7th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, July 2nd.
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.