JPMorgan Chase & Co. Cuts Werner Enterprises (NASDAQ:WERN) Price Target to $36.00

Werner Enterprises (NASDAQ:WERN - Free Report) had its price objective cut by JPMorgan Chase & Co. from $37.00 to $36.00 in a research note released on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company's stock.

Several other analysts have also issued reports on the stock. TD Cowen reduced their target price on shares of Werner Enterprises from $42.00 to $38.00 and set a buy rating for the company in a research note on Wednesday. Barclays lowered shares of Werner Enterprises from an overweight rating to an equal weight rating and reduced their target price for the stock from $45.00 to $40.00 in a research note on Monday, April 1st. Bank of America reduced their target price on shares of Werner Enterprises from $35.00 to $34.00 and set an underperform rating for the company in a research note on Monday, April 15th. StockNews.com raised shares of Werner Enterprises from a sell rating to a hold rating in a report on Tuesday, February 27th. Finally, Stephens reissued an overweight rating and issued a $49.00 price target on shares of Werner Enterprises in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Werner Enterprises has a consensus rating of Hold and an average target price of $42.85.

Werner Enterprises Stock Up 2.8 %

WERN stock traded up $0.97 during midday trading on Wednesday, reaching $35.17. 2,099,166 shares of the company's stock traded hands, compared to its average volume of 625,365. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.06 and a beta of 0.78. The firm's fifty day moving average price is $37.82 and its 200-day moving average price is $39.13. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.42. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $47.27.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its earnings results on Tuesday, April 30th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. The firm had revenue of $769.08 million during the quarter, compared to the consensus estimate of $788.30 million. During the same quarter in the previous year, the company earned $0.60 EPS. The business's revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Werner Enterprises will post 1.91 earnings per share for the current fiscal year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, April 12th. Werner Enterprises's dividend payout ratio (DPR) is presently 31.82%.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors have recently added to or reduced their stakes in WERN. Blue Trust Inc. lifted its holdings in Werner Enterprises by 139.9% during the fourth quarter. Blue Trust Inc. now owns 703 shares of the transportation company's stock valued at $30,000 after purchasing an additional 410 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Werner Enterprises in the third quarter valued at approximately $36,000. Planned Solutions Inc. bought a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $57,000. Strs Ohio boosted its position in shares of Werner Enterprises by 35.3% in the third quarter. Strs Ohio now owns 2,300 shares of the transportation company's stock valued at $89,000 after acquiring an additional 600 shares during the period. Finally, Covestor Ltd boosted its position in shares of Werner Enterprises by 46.5% in the third quarter. Covestor Ltd now owns 2,402 shares of the transportation company's stock valued at $94,000 after acquiring an additional 762 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.