Several analysts have recently updated their ratings and price targets for Werner Enterprises (NASDAQ: WERN):

  • 10/10/2017 – Werner Enterprises was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating. They now have a $33.00 price target on the stock, down previously from $35.00.
  • 10/6/2017 – Werner Enterprises had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $38.00 price target on the stock.
  • 10/2/2017 – Werner Enterprises had its price target raised by analysts at Barclays PLC from $25.00 to $32.00. They now have an “equal weight” rating on the stock.
  • 10/1/2017 – Werner Enterprises had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $36.00 price target on the stock.
  • 9/27/2017 – Werner Enterprises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
  • 9/26/2017 – Werner Enterprises was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
  • 8/23/2017 – Werner Enterprises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
  • 8/21/2017 – Werner Enterprises is now covered by analysts at Buckingham Research. They set a “buy” rating and a $36.00 price target on the stock.
  • 8/16/2017 – Werner Enterprises was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/14/2017 – Werner Enterprises was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $36.00 price target on the stock, up previously from $30.00.

Werner Enterprises, Inc. (NASDAQ:WERN) traded up 0.71% during mid-day trading on Wednesday, hitting $35.65. The stock had a trading volume of 691,911 shares. The company has a 50-day moving average of $34.38 and a 200-day moving average of $29.69. Werner Enterprises, Inc. has a 12-month low of $21.45 and a 12-month high of $37.00. The firm has a market cap of $2.58 billion, a PE ratio of 32.41 and a beta of 0.90.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $521.63 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Werner Enterprises, Inc. will post $1.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. Werner Enterprises’s payout ratio is 25.45%.

In other news, CEO Derek J. Leathers sold 12,244 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the transaction, the chief executive officer now owns 228,780 shares of the company’s stock, valued at $6,867,975.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jim S. Schelble sold 7,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.17, for a total transaction of $226,275.00. Following the transaction, the vice president now directly owns 55,306 shares in the company, valued at approximately $1,668,582.02. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $1,593,570 in the last ninety days. Corporate insiders own 34.70% of the company’s stock.

Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

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