Werner Enterprises, Inc. (NASDAQ:WERN) Stock Has Consensus Target Price of $41.54 According to Brokerages

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $41.54.

A number of equities analysts have recently issued reports on WERN shares. Bank of America increased their price target on shares of Werner Enterprises from $31.00 to $36.00 and gave the company an “underperform” rating in a report on Thursday, July 23rd. TD Cowen reduced their price target on shares of Werner Enterprises from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. The Goldman Sachs Group boosted their price target on Werner Enterprises from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Stephens raised Werner Enterprises to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Werner Enterprises in a research report on Friday, July 24th.

Werner Enterprises Stock Up 1.9%

Shares of NASDAQ:WERN opened at $33.53 on Friday. The company has a market capitalization of $2.01 billion, a PE ratio of -44.12 and a beta of 1.27. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 0.60. Werner Enterprises has a twelve month low of $23.06 and a twelve month high of $47.49. The firm has a 50 day simple moving average of $38.07 and a 200-day simple moving average of $37.47.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $813.36 million for the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. On average, equities analysts predict that Werner Enterprises will post 1.11 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Monday, October 5th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, October 5th. Werner Enterprises’s payout ratio is currently -73.68%.

Institutional Investors Weigh In On Werner Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of WERN. Allworth Financial LP boosted its holdings in Werner Enterprises by 56.4% in the 2nd quarter. Allworth Financial LP now owns 860 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 310 shares during the period. GAMMA Investing LLC grew its position in shares of Werner Enterprises by 21.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,812 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 675 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Werner Enterprises by 6.2% in the fourth quarter. ProShare Advisors LLC now owns 11,642 shares of the transportation company’s stock worth $349,000 after purchasing an additional 683 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Werner Enterprises by 40.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,266 shares of the transportation company’s stock worth $96,000 after purchasing an additional 942 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Werner Enterprises in the second quarter worth $45,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence L. Werner, the company provides freight transportation and supply chain services to customers across the United States, as well as in Mexico and Canada.

The company’s operations include truckload transportation, dedicated transportation, and logistics services. Its truckload business transports consumer and industrial goods using a network of company trucks and independent carriers, while its dedicated operations provide customized fleets and drivers for customers with recurring freight needs.