Werner Enterprises, Inc. (NASDAQ:WERN) Stock Has Average Price Target of $38.85

Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.85.

Several equities analysts recently commented on the company. Citigroup reduced their target price on Werner Enterprises from $43.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. JPMorgan Chase & Co. cut their price objective on Werner Enterprises from $39.00 to $33.00 and set an “underweight” rating for the company in a report on Monday, October 5th. Stephens raised Werner Enterprises to a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America decreased their price objective on shares of Werner Enterprises from $40.00 to $32.00 and set an “underperform” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company lowered their target price on shares of Werner Enterprises from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

Institutional Trading of Werner Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC raised its holdings in shares of Werner Enterprises by 19.3% during the 3rd quarter. Inspire Investing LLC now owns 18,664 shares of the transportation company’s stock valued at $634,000 after buying an additional 3,014 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Werner Enterprises by 69.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 335,406 shares of the transportation company’s stock worth $11,397,000 after buying an additional 137,144 shares during the last quarter. Net Worth Advisory Group lifted its position in Werner Enterprises by 5.4% in the 3rd quarter. Net Worth Advisory Group now owns 9,098 shares of the transportation company’s stock worth $312,000 after buying an additional 468 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Werner Enterprises by 185.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,216 shares of the transportation company’s stock worth $41,000 after buying an additional 790 shares during the last quarter. Finally, Cim Investment Management Inc. purchased a new stake in Werner Enterprises in the second quarter worth approximately $232,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Werner Enterprises Price Performance

Shares of NASDAQ:WERN opened at $28.79 on Wednesday. The company has a 50 day moving average of $35.45 and a 200 day moving average of $37.91. The stock has a market cap of $1.73 billion, a P/E ratio of -37.88 and a beta of 1.29. Werner Enterprises has a 12 month low of $23.06 and a 12 month high of $47.49. 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 (NASDAQ:WERN) last posted its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%. The firm had revenue of $813.36 million during the quarter, compared to analysts’ expectations of $931.12 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Werner Enterprises will post 0.78 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, October 5th. Werner Enterprises’s payout ratio is currently -73.68%.

About Werner Enterprises

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 North America.

The company’s operations include truckload transportation, dedicated transportation, and regional truckload services. Werner also provides logistics services, including freight brokerage, intermodal transportation, cross-border transportation, and supply chain management solutions.