Wabash National Corporation (NYSE:WNC) was upgraded by stock analysts at Craig Hallum from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Other equities analysts have also recently issued reports about the stock. BMO Capital Markets restated a “hold” rating and set a $20.00 price objective on shares of Wabash National Corporation in a research report on Friday, July 7th. Stifel Nicolaus set a $22.00 price objective on shares of Wabash National Corporation and gave the stock a “hold” rating in a research report on Thursday. BidaskClub cut shares of Wabash National Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, ValuEngine upgraded shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.57.
Shares of Wabash National Corporation (WNC) opened at 19.64 on Thursday. The company has a market capitalization of $1.16 billion, a P/E ratio of 12.66 and a beta of 1.78. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16. The firm has a 50-day moving average of $21.30 and a 200-day moving average of $20.88.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $435.90 million for the quarter, compared to analysts’ expectations of $436.85 million. During the same period last year, the company posted $0.55 earnings per share. The business’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts forecast that Wabash National Corporation will post $1.46 earnings per share for the current year.
Several large investors have recently modified their holdings of WNC. Ameritas Investment Partners Inc. acquired a new stake in shares of Wabash National Corporation during the first quarter worth approximately $108,000. TrimTabs Asset Management LLC boosted its stake 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 worth $155,000 after buying an additional 3,520 shares during the period. Meeder Asset Management Inc. boosted its stake 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 worth $163,000 after buying an additional 5,930 shares during the period. Ronna Sue Cohen acquired a new stake in shares of Wabash National Corporation during the second quarter worth approximately $203,000. Finally, Hikari Power Ltd acquired a new stake in shares of Wabash National Corporation during the second quarter worth approximately $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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