Werner Enterprises, Inc. (WERN) Given Consensus Rating of “Hold” by Analysts

Werner Enterprises, Inc. (NASDAQ:WERN) has been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.36.

WERN has been the topic of several research reports. Zacks Investment Research lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group lowered their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. JPMorgan Chase & Co. lifted their price objective on shares of Werner Enterprises from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley lifted their price objective on shares of Werner Enterprises from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Finally, Cowen lowered shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research report on Monday, October 16th.

Shares of Werner Enterprises (NASDAQ:WERN) opened at $39.90 on Tuesday. The company has a market cap of $2,886.25, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73. Werner Enterprises has a 12-month low of $24.20 and a 12-month high of $40.58.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. equities analysts forecast that Werner Enterprises will post 1.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.70%. Werner Enterprises’s payout ratio is 24.35%.

Institutional investors and hedge funds have recently bought and sold shares of the company. ING Groep NV purchased a new position in shares of Werner Enterprises in the third quarter worth about $201,000. Crossmark Global Holdings Inc. purchased a new position in Werner Enterprises during the third quarter valued at approximately $203,000. Rehmann Capital Advisory Group purchased a new position in Werner Enterprises during the third quarter valued at approximately $233,000. Amalgamated Bank purchased a new position in Werner Enterprises during the third quarter valued at approximately $234,000. Finally, Neuberger Berman Group LLC purchased a new position in Werner Enterprises during the third quarter valued at approximately $236,000. Hedge funds and other institutional investors own 64.71% of the company’s stock.

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Werner Enterprises Company Profile

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.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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