Werner Enterprises (WERN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Werner Enterprises (NASDAQ:WERN) have been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $40.29.

WERN has been the subject of several research reports. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, December 26th. UBS upgraded shares of Werner Enterprises from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $47.00 in a research report on Friday, January 5th. Stephens restated a “buy” rating and issued a $48.00 price target on shares of Werner Enterprises in a research report on Wednesday, January 10th. Finally, Cowen restated an “underperform” rating and issued a $36.00 price target (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday, January 30th.

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Institutional investors and hedge funds have recently bought and sold shares of the company. ING Groep NV acquired a new stake in shares of Werner Enterprises during the third quarter worth $201,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Werner Enterprises during the third quarter worth $203,000. Amalgamated Bank acquired a new stake in shares of Werner Enterprises during the third quarter worth $234,000. Neuberger Berman Group LLC acquired a new stake in shares of Werner Enterprises during the third quarter worth $236,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Werner Enterprises during the third quarter worth $239,000. Institutional investors own 65.69% of the company’s stock.

NASDAQ:WERN traded down $0.90 on Friday, hitting $35.55. The company had a trading volume of 1,404,716 shares, compared to its average volume of 857,367. The company has a market cap of $2,575.67, a price-to-earnings ratio of 27.99, a PEG ratio of 1.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.72 and a quick ratio of 1.67. Werner Enterprises has a 52 week low of $24.20 and a 52 week high of $43.95.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, January 29th. The transportation company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The business had revenue of $567.37 million during the quarter, compared to the consensus estimate of $554.58 million. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. analysts expect that Werner Enterprises will post 1.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, April 13th. Werner Enterprises’s dividend payout ratio (DPR) is presently 22.05%.

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About Werner Enterprises

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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