Wabash National Corporation (NYSE:WNC)‘s stock had its “hold” rating restated by Stifel Nicolaus in a research note issued on Thursday. They presently have a $22.00 price objective on the stock. Stifel Nicolaus’ target price points to a potential upside of 12.02% from the company’s current price.
Several other equities analysts have also issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and set a $20.00 target price on shares of Wabash National Corporation in a report on Friday, July 7th. BidaskClub lowered shares of Wabash National Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, ValuEngine upgraded shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.43.
Shares of Wabash National Corporation (WNC) opened at 19.64 on Thursday. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 12.66 and a beta of 1.78. The firm’s 50-day moving average price is $21.30 and its 200-day moving average price is $20.88.
Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The company had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $436.85 million. During the same quarter last year, the business earned $0.55 earnings per share. The business’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts anticipate that Wabash National Corporation will post $1.46 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “Wabash National Corporation (WNC) Given “Hold” Rating at Stifel Nicolaus” was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/2796690/wabash-national-corporation-wnc-given-hold-rating-at-stifel-nicolaus.html.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Wabash National Corporation by 45,576.6% in the first quarter. BlackRock Inc. now owns 7,334,294 shares of the company’s stock valued at $151,748,000 after buying an additional 7,318,237 shares during the last quarter. Acadian Asset Management LLC raised its position in Wabash National Corporation by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock valued at $43,312,000 after buying an additional 1,832,390 shares during the last quarter. Royce & Associates LP raised its position in Wabash National Corporation by 61.4% in the first quarter. Royce & Associates LP now owns 3,144,856 shares of the company’s stock valued at $65,067,000 after buying an additional 1,196,856 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Wabash National Corporation during the first quarter valued at about $19,788,000. Finally, Victory Capital Management Inc. raised its position in Wabash National Corporation by 15,627.3% in the first quarter. Victory Capital Management Inc. now owns 924,296 shares of the company’s stock valued at $19,124,000 after buying an additional 918,419 shares during the last quarter.
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.
Receive News & Ratings for Wabash National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.