Werner Enterprises (WERN) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Werner Enterprises (NASDAQ:WERN) from a hold rating to a buy rating in a research note published on Wednesday, BidAskClub reports.

Several other research analysts also recently commented on WERN. Zacks Investment Research downgraded shares of Werner Enterprises from a hold rating to a sell rating in a report on Saturday, January 26th. Seaport Global Securities reiterated a neutral rating on shares of Werner Enterprises in a report on Thursday, February 7th. ValuEngine downgraded shares of Werner Enterprises from a hold rating to a sell rating in a report on Tuesday, March 5th. Buckingham Research dropped their target price on shares of Werner Enterprises from $43.00 to $42.00 and set a buy rating on the stock in a report on Tuesday, April 2nd. Finally, Cowen reiterated a market perform rating and issued a $36.00 target price (up previously from $35.00) on shares of Werner Enterprises in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Werner Enterprises has a consensus rating of Hold and a consensus target price of $40.54.

WERN stock opened at $34.07 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.41 and a quick ratio of 1.38. Werner Enterprises has a 1 year low of $28.67 and a 1 year high of $42.80. The firm has a market capitalization of $2.38 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.22.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $596.10 million for the quarter, compared to the consensus estimate of $620.14 million. Werner Enterprises had a net margin of 7.08% and a return on equity of 14.56%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Equities analysts forecast that Werner Enterprises will post 2.63 earnings per share for the current year.

The business also recently disclosed a None dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be issued a dividend of $3.75 per share. The ex-dividend date is Thursday, May 23rd. Werner Enterprises’s payout ratio is 15.13%.

Large investors have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Werner Enterprises by 1.6% during the 4th quarter. American Century Companies Inc. now owns 207,308 shares of the transportation company’s stock worth $6,124,000 after purchasing an additional 3,326 shares during the period. Morgan Stanley increased its holdings in shares of Werner Enterprises by 111.0% during the 3rd quarter. Morgan Stanley now owns 552,445 shares of the transportation company’s stock worth $19,529,000 after purchasing an additional 290,625 shares during the period. Investment Counselors of Maryland LLC bought a new position in shares of Werner Enterprises during the 4th quarter worth about $12,824,000. Berman Capital Advisors LLC bought a new position in shares of Werner Enterprises during the 4th quarter worth about $301,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Werner Enterprises by 6.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 27,657 shares of the transportation company’s stock worth $759,000 after purchasing an additional 1,780 shares during the period. Institutional investors own 66.85% of the company’s stock.

About Werner Enterprises

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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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