The Zacks Investment Research Downgrades Werner Enterprises Inc. (WERN) to Sell

The Zacks Investment Research Downgrades Werner Enterprises Inc. (WERN) to Sell

Werner Enterprises Inc. (NASDAQ:WERN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “

Several other research analysts also recently issued reports on the stock. Barclays PLC upped their price target on shares of Werner Enterprises from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Citigroup Inc. lowered their price target on shares of Werner Enterprises from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, July 11th. Deutsche Bank AG set a $23.00 price target on shares of Werner Enterprises and gave the stock a “hold” rating in a report on Monday, July 25th. Cowen and Company lowered their price target on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating for the company in a report on Tuesday, June 21st. Finally, Bank of America Corp. downgraded shares of Werner Enterprises from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.06.

Werner Enterprises (NASDAQ:WERN) opened at 23.85 on Thursday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 16.10 and a beta of 0.81. The firm’s 50-day moving average price is $23.44 and its 200 day moving average price is $24.46. Werner Enterprises has a 12-month low of $20.91 and a 12-month high of $28.80.

Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. The firm earned $498.68 million during the quarter, compared to analysts’ expectations of $499.50 million. During the same period in the prior year, the company earned $0.44 earnings per share. On average, analysts expect that Werner Enterprises will post $1.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. Werner Enterprises’s dividend payout ratio (DPR) is presently 16.22%.

Several institutional investors have recently added to or reduced their stakes in WERN. Creative Planning boosted its position in Werner Enterprises by 1.2% in the second quarter. Creative Planning now owns 16,500 shares of the company’s stock worth $379,000 after buying an additional 200 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Werner Enterprises by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,735 shares of the company’s stock worth $338,000 after buying an additional 362 shares during the period. Public Employees Retirement System of Ohio boosted its position in Werner Enterprises by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,962 shares of the company’s stock worth $137,000 after buying an additional 380 shares during the period. Ameritas Investment Partners Inc. boosted its position in Werner Enterprises by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 10,487 shares of the company’s stock worth $241,000 after buying an additional 513 shares during the period. Finally, BlackRock Advisors LLC boosted its position in Werner Enterprises by 3.0% in the second quarter. BlackRock Advisors LLC now owns 20,484 shares of the company’s stock worth $471,000 after buying an additional 592 shares during the period. 64.80% of the stock is currently owned by institutional investors.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).

Related posts

Leave a Comment