Werner Enterprises (WERN) Given a $44.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $44.00 price target on Werner Enterprises (NASDAQ:WERN) in a research note released on Friday. The brokerage currently has a hold rating on the transportation company’s stock.

Several other equities research analysts also recently commented on WERN. BidaskClub upgraded shares of Werner Enterprises from a hold rating to a buy rating in a research report on Saturday, June 23rd. Zacks Investment Research reiterated a buy rating and set a $45.00 target price on shares of Werner Enterprises in a research report on Saturday, June 30th. ValuEngine upgraded shares of Werner Enterprises from a hold rating to a buy rating in a research report on Monday, July 2nd. JPMorgan Chase & Co. downgraded shares of Werner Enterprises from a neutral rating to an underweight rating and set a $35.00 target price on the stock. in a research report on Wednesday, July 11th. Finally, Bank of America upgraded shares of Werner Enterprises from an underperform rating to a neutral rating and lifted their target price for the stock from $41.00 to $44.00 in a research report on Tuesday, July 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Werner Enterprises presently has a consensus rating of Hold and a consensus price target of $42.80.

Shares of Werner Enterprises stock traded up $1.09 during midday trading on Friday, hitting $33.47. 2,494,503 shares of the company traded hands, compared to its average volume of 977,132. The firm has a market capitalization of $2.32 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08. Werner Enterprises has a 12 month low of $31.66 and a 12 month high of $43.95.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The company had revenue of $629.70 million for the quarter, compared to analyst estimates of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.44%. During the same period in the previous year, the firm posted $0.31 EPS. The firm’s revenue was up 19.1% on a year-over-year basis. As a group, research analysts anticipate that Werner Enterprises will post 2.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 16th. Stockholders of record on Monday, October 1st were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. Werner Enterprises’s dividend payout ratio (DPR) is currently 28.35%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Werner Enterprises by 2.8% in the 2nd quarter. BlackRock Inc. now owns 5,516,342 shares of the transportation company’s stock worth $207,139,000 after purchasing an additional 148,723 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Werner Enterprises by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,984,025 shares of the transportation company’s stock worth $112,051,000 after purchasing an additional 110,615 shares during the period. Northern Trust Corp lifted its position in shares of Werner Enterprises by 12.5% in the 2nd quarter. Northern Trust Corp now owns 799,941 shares of the transportation company’s stock worth $30,038,000 after purchasing an additional 88,619 shares during the period. Pinnacle Associates Ltd. acquired a new position in shares of Werner Enterprises in the 2nd quarter worth approximately $21,903,000. Finally, Intrinsic Edge Capital Management LLC lifted its position in shares of Werner Enterprises by 165.0% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock worth $17,387,000 after purchasing an additional 288,314 shares during the period. Hedge funds and other institutional investors own 68.44% of the company’s stock.

Werner Enterprises Company Profile

Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

Further Reading: How to interpret a stock’s beta number

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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