Werner Enterprises (WERN) Rating Lowered to Neutral at UBS Group

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UBS Group downgraded shares of Werner Enterprises (NASDAQ:WERN) from a buy rating to a neutral rating in a research note published on Tuesday morning, 99wallstreet.com reports. They currently have $36.00 price objective on the transportation company’s stock, down from their previous price objective of $42.00.

Several other research firms have also recently weighed in on WERN. ValuEngine raised Werner Enterprises from a hold rating to a buy rating in a research report on Tuesday, September 11th. BidaskClub upgraded Werner Enterprises from a sell rating to a hold rating in a research note on Wednesday, October 24th. Stephens set a $40.00 target price on Werner Enterprises and gave the company a buy rating in a research note on Friday, October 19th. Morgan Stanley set a $48.00 target price on Werner Enterprises and gave the company a buy rating in a research note on Monday, October 22nd. Finally, Cowen upgraded Werner Enterprises from an underperform rating to a market perform rating and set a $37.00 target price on the stock in a research note on Friday, October 19th. Four 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 company’s stock. The company presently has an average rating of Hold and a consensus price target of $41.40.

WERN stock opened at $31.05 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.41. Werner Enterprises has a 1-year low of $30.91 and a 1-year high of $43.95. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Werner Enterprises had a return on equity of 12.34% and a net margin of 10.71%. The business had revenue of $629.70 million for the quarter, compared to analysts’ expectations of $628.71 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 19.1% on a year-over-year basis. As a group, research analysts predict that Werner Enterprises will post 2.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a $0.09 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 1.16%. Werner Enterprises’s payout ratio is presently 28.35%.

Several institutional investors and hedge funds have recently modified their holdings of WERN. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Werner Enterprises during the 3rd quarter valued at $106,000. Tower Research Capital LLC TRC raised its stake in shares of Werner Enterprises by 1,116.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,940 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 3,616 shares during the period. Commonwealth Bank of Australia bought a new stake in shares of Werner Enterprises during the 3rd quarter valued at $162,000. Xact Kapitalforvaltning AB bought a new stake in shares of Werner Enterprises during the 2nd quarter valued at $230,000. Finally, Atria Investments LLC bought a new stake in shares of Werner Enterprises during the 3rd quarter valued at $224,000. Hedge funds and other institutional investors own 72.93% 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.

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Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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