Wabash National Corporation (NYSE:WNC) received a $22.00 target price from Stifel Nicolaus in a research note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 6.85% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price objective on shares of Wabash National Corporation in a report on Friday, July 7th. Zacks Investment Research downgraded shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wabash National Corporation presently has a consensus rating of “Hold” and a consensus target price of $20.57.
Shares of Wabash National Corporation (NYSE WNC) traded up 0.10% on Thursday, reaching $20.59. The company had a trading volume of 770,972 shares. The firm has a 50-day moving average price of $21.27 and a 200 day moving average price of $20.90. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.28 and a beta of 1.78. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16.
Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.05. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The company had revenue of $435.90 million during the quarter, compared to the consensus estimate of $436.85 million. During the same period last year, the company earned $0.55 earnings per share. Wabash National Corporation’s revenue for the quarter was down 7.5% on a year-over-year basis. Equities research analysts predict that Wabash National Corporation will post $1.46 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Wabash National Corporation during the first quarter valued at about $108,000. TrimTabs Asset Management LLC increased its position in shares of Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock valued at $155,000 after buying an additional 3,520 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Wabash National Corporation by 390.1% in the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock valued at $163,000 after buying an additional 5,930 shares in the last quarter. Ronna Sue Cohen purchased a new position in shares of Wabash National Corporation during the second quarter valued at about $203,000. Finally, Hikari Power Ltd purchased a new position in shares of Wabash National Corporation during the second quarter valued at about $209,000.
About Wabash National Corporation
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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