Wabash National Corporation (WNC) Given “Hold” Rating at Stifel Nicolaus

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.

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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.

Analyst Recommendations for Wabash National Corporation (NYSE:WNC)

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