Analysts Set Werner Enterprises, Inc. (NASDAQ:WERN) Price Target at $30.40

Werner Enterprises, Inc. (NASDAQ:WERN) has received an average recommendation of “Reduce” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $30.87.

WERN has been the subject of several analyst reports. Citigroup lifted their price objective on shares of Werner Enterprises from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. The Goldman Sachs Group upgraded shares of Werner Enterprises from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $39.00 in a research note on Monday, June 2nd. Barclays dropped their price objective on shares of Werner Enterprises from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. TD Cowen dropped their target price on shares of Werner Enterprises from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company boosted their target price on shares of Werner Enterprises from $24.00 to $25.00 and gave the company an “underweight” rating in a research report on Wednesday.

Werner Enterprises Price Performance

Shares of Werner Enterprises stock opened at $27.60 on Monday. Werner Enterprises has a twelve month low of $23.02 and a twelve month high of $42.48. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $27.76 and a two-hundred day simple moving average of $29.89. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The business had revenue of $753.15 million during the quarter, compared to analysts’ expectations of $736.09 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Analysts forecast that Werner Enterprises will post 1.27 EPS for the current year.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Monday, July 7th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, July 7th. Werner Enterprises’s dividend payout ratio (DPR) is presently 193.10%.

Institutional Investors Weigh In On Werner Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TrueMark Investments LLC bought a new stake in shares of Werner Enterprises during the 2nd quarter valued at approximately $670,000. Allianz Asset Management GmbH grew its holdings in shares of Werner Enterprises by 47.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 376,736 shares of the transportation company’s stock valued at $10,307,000 after purchasing an additional 120,749 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Werner Enterprises by 7.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,965,037 shares of the transportation company’s stock valued at $56,023,000 after purchasing an additional 129,850 shares during the last quarter. CWM LLC grew its holdings in shares of Werner Enterprises by 3.6% during the 2nd quarter. CWM LLC now owns 42,534 shares of the transportation company’s stock valued at $1,164,000 after purchasing an additional 1,464 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Werner Enterprises by 21.6% during the 2nd quarter. Inspire Investing LLC now owns 14,235 shares of the transportation company’s stock valued at $389,000 after purchasing an additional 2,529 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.