Werner Enterprises Price Target Cut to $25.00 (WERN)
Research analysts at Cowen and Company lowered their target price on shares of Werner Enterprises (NASDAQ:WERN) from $27.00 to $25.00 in a report released on Tuesday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price objective suggests a potential downside of 2.87% from the company’s current price.
A number of other firms have also recently commented on WERN. Analysts at Deutsche Bank raised their price target on shares of Werner Enterprises from $25.00 to $26.00 in a research note on Tuesday, July 15th. They now have a “hold” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Werner Enterprises from $28.00 to $29.00 in a research note on Tuesday, July 8th. Finally, analysts at Barclays raised their price target on shares of Werner Enterprises from $26.00 to $27.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.26.
Werner Enterprises (NASDAQ:WERN) traded up 1.90% during mid-day trading on Tuesday, hitting $25.77. The stock had a trading volume of 942,046 shares. Werner Enterprises has a one year low of $22.61 and a one year high of $27.04. The stock’s 50-day moving average is $26.37 and its 200-day moving average is $25.82. The company has a market cap of $1.861 billion and a price-to-earnings ratio of 22.16.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, July 21st. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $542.10 million for the quarter, compared to the consensus estimate of $524.14 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 7.0% 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. Shareholders 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 0.78%. 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.
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