Werner Enterprises (NASDAQ:WERN) Price Target Raised to $25.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company raised its target price for Werner Enterprises from $24.00 to $25.00, indicating a potential downside of 12.20% from the current price, while maintaining an "underweight" rating.
• The Goldman Sachs Group upgraded the stock from "sell" to "buy" and increased their target price from $25.00 to $39.00, showcasing differing opinions among analysts.
• Werner Enterprises reported a quarterly EPS of $0.11, surpassing estimates, but its revenue declined 1.0% year-over-year, totaling $753.15 million against expectations of $736.09 million.

Werner Enterprises (NASDAQ:WERN - Free Report) had its target price raised by Wells Fargo & Company from $24.00 to $25.00 in a report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the transportation company's stock.

Several other equities analysts have also recently commented on the stock. Citigroup boosted their price objective on shares of Werner Enterprises from $29.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Robert W. Baird initiated coverage on shares of Werner Enterprises in a research note on Tuesday, July 1st. They set an "underperform" rating and a $25.00 price objective for the company. The Goldman Sachs Group raised shares of Werner Enterprises from a "sell" rating to a "buy" rating and boosted their price objective for the company from $25.00 to $39.00 in a research note on Monday, June 2nd. Stifel Nicolaus cut their price target on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Finally, UBS Group cut their price target on shares of Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Seven research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $30.87.

Werner Enterprises Stock Down 2.3%

Werner Enterprises stock traded down $0.62 during midday trading on Wednesday, hitting $27.10. 166,438 shares of the stock were exchanged, compared to its average volume of 905,399. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07. The company has a quick ratio of 1.62, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. Werner Enterprises has a 52-week low of $23.02 and a 52-week high of $42.48. The business's 50-day moving average price is $27.79 and its 200-day moving average price is $29.84.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. Werner Enterprises had a net margin of 1.77% and a return on equity of 0.92%. The business had revenue of $753.15 million for the quarter, compared to analyst estimates of $736.09 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company's revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts expect that Werner Enterprises will post 1.27 EPS for the current fiscal year.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Monday, July 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, July 7th. Werner Enterprises's dividend payout ratio is 193.10%.

Institutional Trading of Werner Enterprises

Institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group boosted its holdings in shares of Werner Enterprises by 163.5% during the 1st quarter. Brooklyn Investment Group now owns 959 shares of the transportation company's stock valued at $28,000 after acquiring an additional 595 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Werner Enterprises by 57.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company's stock worth $28,000 after purchasing an additional 373 shares during the period. Headlands Technologies LLC bought a new position in shares of Werner Enterprises in the 4th quarter worth approximately $39,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Werner Enterprises by 69.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,176 shares of the transportation company's stock worth $34,000 after purchasing an additional 483 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Werner Enterprises by 306.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,294 shares of the transportation company's stock worth $35,000 after purchasing an additional 976 shares during the period. Hedge funds and other institutional investors own 89.32% of the company's stock.

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.