Werner Enterprises (WERN) Upgraded to “Market Perform” at Cowen

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Cowen upgraded shares of Werner Enterprises (NASDAQ:WERN) from an underperform rating to a market perform rating in a research note published on Friday morning, MarketBeat Ratings reports. Cowen currently has $37.00 price objective on the transportation company’s stock.

Several other research firms also recently commented on WERN. ValuEngine upgraded Werner Enterprises from a hold rating to a buy rating in a report on Tuesday, September 11th. BidaskClub upgraded Werner Enterprises from a hold rating to a buy rating in a report on Tuesday, September 11th. Robert W. Baird lifted their price objective on Werner Enterprises from $41.00 to $43.00 and gave the stock a neutral rating in a report on Tuesday, July 24th. Citigroup lifted their price objective on Werner Enterprises from $39.00 to $42.00 and gave the stock a neutral rating in a report on Tuesday, July 24th. Finally, Bank of America upgraded Werner Enterprises from an underperform rating to a neutral rating and lifted their price objective for the stock from $41.00 to $44.00 in a report on Tuesday, July 24th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $42.80.

Shares of NASDAQ:WERN traded up $1.09 on Friday, hitting $33.47. 2,494,503 shares of the company traded hands, compared to its average volume of 977,132. Werner Enterprises has a 52 week low of $31.66 and a 52 week high of $43.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.81 and a quick ratio of 1.76. The company has a market capitalization of $2.32 billion, a PE ratio of 26.35, a PEG ratio of 0.99 and a beta of 1.01.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. Werner Enterprises had a return on equity of 12.44% and a net margin of 10.71%. The firm had revenue of $629.70 million during the quarter, compared to the consensus estimate of $628.71 million. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts anticipate that Werner Enterprises will post 2.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Monday, October 1st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, September 28th. Werner Enterprises’s dividend payout ratio (DPR) is currently 28.35%.

Several hedge funds and other institutional investors have recently modified their holdings of WERN. Wells Fargo & Company MN lifted its stake in shares of Werner Enterprises by 2.5% during the 1st quarter. Wells Fargo & Company MN now owns 154,694 shares of the transportation company’s stock worth $5,646,000 after purchasing an additional 3,769 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Werner Enterprises by 41.8% in the first quarter. JPMorgan Chase & Co. now owns 71,203 shares of the transportation company’s stock valued at $2,600,000 after buying an additional 20,987 shares during the last quarter. Sei Investments Co. raised its stake in Werner Enterprises by 179,561.9% in the first quarter. Sei Investments Co. now owns 37,729 shares of the transportation company’s stock valued at $1,377,000 after buying an additional 37,708 shares during the last quarter. Principal Financial Group Inc. raised its stake in Werner Enterprises by 6.9% in the first quarter. Principal Financial Group Inc. now owns 200,107 shares of the transportation company’s stock valued at $7,304,000 after buying an additional 12,853 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in Werner Enterprises in the first quarter valued at about $2,581,000. Hedge funds and other institutional investors own 68.44% of the company’s stock.

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.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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