Investment analysts at Deutsche Bank AG assumed coverage on shares of Werner Enterprises Inc. (NASDAQ:WERN) in a research note issued on Wednesday. The brokerage set a “buy” rating and a $27.00 price target on the stock. Deutsche Bank AG’s target price suggests a potential downside of 1.46% from the company’s previous close.
Other analysts have also issued research reports about the stock. Morgan Stanley set a $27.00 target price on shares of Werner Enterprises and gave the stock a “buy” rating in a research note on Thursday, August 18th. Barclays PLC upped their target price on shares of Werner Enterprises from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Zacks Investment Research upgraded shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Cowen and Company reduced their price target on shares of Werner Enterprises from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, October 21st. Finally, Citigroup Inc. reduced their price target on shares of Werner Enterprises from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Werner Enterprises currently has an average rating of “Hold” and a consensus price target of $26.73.
Shares of Werner Enterprises (NASDAQ:WERN) traded up 1.58% during mid-day trading on Wednesday, reaching $27.40. 267,884 shares of the company’s stock traded hands. Werner Enterprises has a 12-month low of $20.91 and a 12-month high of $28.80. The firm has a 50-day moving average of $24.76 and a 200 day moving average of $24.04. The company has a market cap of $1.97 billion, a P/E ratio of 21.06 and a beta of 0.68.
Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, October 20th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. Werner Enterprises had a net margin of 4.65% and a return on equity of 9.82%. The firm earned $508.70 million during the quarter, compared to analyst estimates of $500.46 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. Equities analysts forecast that Werner Enterprises will post $1.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, December 29th. Werner Enterprises’s dividend payout ratio is currently 18.46%.
A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its stake in shares of 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 in the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of Werner Enterprises by 10.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 6,500 shares of the company’s stock worth $149,000 after buying an additional 600 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Werner Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the company’s stock worth $150,000 after buying an additional 790 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Werner Enterprises by 46.4% in the second quarter. Advisors Asset Management Inc. now owns 7,300 shares of the company’s stock worth $168,000 after buying an additional 2,315 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Werner Enterprises during the first quarter worth $200,000. 64.55% of the stock is currently owned by institutional investors and hedge funds.
About Werner Enterprises