Trade Report: The Werner Enterprises Inc. (WERN) Research Coverage Started at Deutsche Bank AG

The Werner Enterprises Inc. (WERN) Research Coverage Started at Deutsche Bank AG

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.

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