Deutsche Bank set a $39.00 price target on Werner Enterprises (NASDAQ:WERN) in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the transportation company’s stock.
WERN has been the subject of several other reports. Stephens set a $112.00 price target on shares of Genesee & Wyoming and gave the company a hold rating in a report on Monday, July 1st. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of Hudson Technologies from a hold rating to a sell rating in a report on Monday, April 1st. BidaskClub raised shares of Zumiez from a sell rating to a hold rating in a report on Saturday, June 22nd. Finally, Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a hold rating in a report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Werner Enterprises presently has a consensus rating of Hold and a consensus price target of $40.38.
Shares of WERN stock opened at $30.90 on Thursday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.92 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.41. Werner Enterprises has a 1-year low of $27.27 and a 1-year high of $42.80. The business’s fifty day moving average is $29.88.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $596.10 million during the quarter, compared to analyst estimates of $620.14 million. Werner Enterprises had a net margin of 7.08% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Equities research analysts predict that Werner Enterprises will post 2.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, June 28th. Werner Enterprises’s dividend payout ratio (DPR) is presently 15.13%.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Werner Enterprises by 0.8% in the 4th quarter. BlackRock Inc. now owns 5,843,209 shares of the transportation company’s stock valued at $172,609,000 after purchasing an additional 46,345 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Werner Enterprises by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,276,525 shares of the transportation company’s stock valued at $155,871,000 after purchasing an additional 81,429 shares during the last quarter. Macquarie Group Ltd. lifted its position in Werner Enterprises by 0.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,714,617 shares of the transportation company’s stock valued at $50,650,000 after purchasing an additional 7,000 shares during the last quarter. South Texas Money Management Ltd. lifted its position in Werner Enterprises by 11.0% in the 1st quarter. South Texas Money Management Ltd. now owns 931,917 shares of the transportation company’s stock valued at $31,825,000 after purchasing an additional 92,654 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Werner Enterprises by 3.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 713,767 shares of the transportation company’s stock valued at $24,375,000 after purchasing an additional 22,559 shares during the last quarter. Hedge funds and other institutional investors own 66.76% 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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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