Evercore ISI Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $32.00

Werner Enterprises (NASDAQ:WERN) had its target price decreased by Evercore ISI from $35.00 to $32.00 in a report issued on Wednesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the company. Citigroup initiated coverage on Werner Enterprises in a report on Wednesday, October 9th. They issued a “sell” rating and a $34.00 price objective for the company. Stephens cut their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus reduced their price target on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. The Goldman Sachs Group decreased their target price on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Finally, TD Cowen upped their price objective on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.36.

Werner Enterprises Stock Up 1.8 %

WERN stock opened at $37.54 on Wednesday. The stock has a 50-day simple moving average of $37.10 and a two-hundred day simple moving average of $36.76. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $43.26. The firm has a market capitalization of $2.32 billion, a PE ratio of 51.42, a PEG ratio of 12.04 and a beta of 0.79. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $745.70 million during the quarter, compared to analysts’ expectations of $765.24 million. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%. The company’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts predict that Werner Enterprises will post 0.85 EPS for the current fiscal year.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, October 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.49%. Werner Enterprises’s dividend payout ratio is currently 76.71%.

Institutional Trading of Werner Enterprises

Several hedge funds have recently bought and sold shares of WERN. Massmutual Trust Co. FSB ADV raised its position in shares of Werner Enterprises by 390.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Werner Enterprises during the second quarter valued at about $29,000. Canada Pension Plan Investment Board bought a new stake in Werner Enterprises during the second quarter valued at about $29,000. Quest Partners LLC purchased a new position in shares of Werner Enterprises in the second quarter valued at about $30,000. Finally, GAMMA Investing LLC boosted its stake in shares of Werner Enterprises by 145.7% in the third quarter. GAMMA Investing LLC now owns 801 shares of the transportation company’s stock worth $31,000 after acquiring an additional 475 shares during the period. Institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.