Werner Enterprises (WERN) Raised to Buy at BidaskClub

BidaskClub upgraded shares of Werner Enterprises (NASDAQ:WERN) from a hold rating to a buy rating in a research note published on Thursday.

A number of other research firms have also weighed in on WERN. Robert W. Baird boosted their price objective on Werner Enterprises from $41.00 to $43.00 and gave the stock a neutral rating in a research note on Tuesday, January 30th. Credit Suisse Group boosted their price objective on Werner Enterprises from $40.00 to $42.00 and gave the stock a neutral rating in a research note on Tuesday, January 30th. Morgan Stanley boosted their price objective on Werner Enterprises from $37.00 to $48.00 and gave the stock an overweight rating in a research note on Tuesday, January 30th. Cowen reaffirmed an underperform rating and issued a $36.00 price target (up previously from $30.00) on shares of Werner Enterprises in a research note on Tuesday, January 30th. Finally, Wells Fargo upped their price target on Werner Enterprises from $35.00 to $43.00 and gave the company a market perform rating in a research note on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Werner Enterprises currently has an average rating of Hold and an average target price of $40.07.

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Werner Enterprises stock opened at $37.45 on Thursday. The firm has a market capitalization of $2,713.33, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.31 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.67 and a current ratio of 1.72. Werner Enterprises has a 12 month low of $24.20 and a 12 month high of $43.95.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. The company had revenue of $567.37 million for the quarter, compared to analyst estimates of $554.58 million. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. equities analysts forecast that Werner Enterprises will post 1.98 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, April 13th. Werner Enterprises’s dividend payout ratio (DPR) is presently 10.04%.

Several institutional investors have recently made changes to their positions in the company. ING Groep NV acquired a new position in Werner Enterprises during the 3rd quarter worth about $201,000. Crossmark Global Holdings Inc. acquired a new position in Werner Enterprises during the 3rd quarter worth about $203,000. Royal Bank of Canada lifted its stake in Werner Enterprises by 190.5% during the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock worth $218,000 after acquiring an additional 4,872 shares in the last quarter. Amalgamated Bank acquired a new position in Werner Enterprises during the 3rd quarter worth about $234,000. Finally, Neuberger Berman Group LLC acquired a new position in Werner Enterprises during the 3rd quarter worth about $236,000. 65.69% of the stock is currently owned by institutional investors and hedge funds.

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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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