Werner Enterprises (NASDAQ:WERN) Price Target Raised to $47.00 at Citigroup

Werner Enterprises (NASDAQ:WERN) had its target price lifted by Citigroup from $37.00 to $47.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

WERN has been the subject of a number of other reports. Susquehanna increased their price target on Werner Enterprises from $38.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group upped their price target on shares of Werner Enterprises from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. TD Cowen raised their target price on Werner Enterprises from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their target price on Werner Enterprises from $47.00 to $55.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on Werner Enterprises from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Werner Enterprises presently has an average rating of “Hold” and an average target price of $39.92.

Werner Enterprises Trading Up 3.8%

Shares of WERN stock opened at $44.78 on Thursday. Werner Enterprises has a 1-year low of $23.06 and a 1-year high of $45.27. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -298.53, a PEG ratio of 0.88 and a beta of 1.26. The stock has a 50-day moving average of $40.71 and a 200-day moving average of $35.19.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $730.14 million for the quarter, compared to analysts’ expectations of $812.50 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. On average, equities research analysts forecast that Werner Enterprises will post 0.98 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. Werner Enterprises’s dividend payout ratio is presently -373.33%.

Institutional Investors Weigh In On Werner Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Werner Enterprises by 41.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company’s stock worth $70,000 after purchasing an additional 679 shares during the period. GAMMA Investing LLC raised its stake in Werner Enterprises by 49.0% during the fourth quarter. GAMMA Investing LLC now owns 2,429 shares of the transportation company’s stock worth $73,000 after buying an additional 799 shares during the last quarter. Covestor Ltd lifted its holdings in Werner Enterprises by 28.3% in the fourth quarter. Covestor Ltd now owns 3,261 shares of the transportation company’s stock valued at $98,000 after buying an additional 719 shares during the period. KBC Group NV lifted its stake in shares of Werner Enterprises by 86.9% in the 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 1,680 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Werner Enterprises during the 4th quarter valued at about $217,000. Institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.