Wabash National Co. (WNC) Receives $21.86 Consensus PT from Analysts

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Wabash National Co. (NYSE:WNC) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.86.

Several equities analysts recently weighed in on the stock. ValuEngine raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a research report on Monday, July 30th. BMO Capital Markets reissued a “hold” rating and set a $25.00 target price on shares of Wabash National in a research report on Thursday, July 19th. Stifel Nicolaus dropped their target price on shares of Wabash National from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Thursday, August 2nd. Loop Capital began coverage on shares of Wabash National in a research report on Monday, October 1st. They set a “buy” rating and a $27.00 target price on the stock. Finally, Zacks Investment Research cut shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, July 20th.

Several institutional investors have recently bought and sold shares of WNC. NumerixS Investment Technologies Inc increased its stake in shares of Wabash National by 36.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,500 shares of the company’s stock worth $194,000 after purchasing an additional 2,800 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Wabash National by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 142,235 shares of the company’s stock worth $2,654,000 after purchasing an additional 3,108 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Wabash National by 17.8% during the 2nd quarter. Foundry Partners LLC now owns 22,175 shares of the company’s stock worth $414,000 after purchasing an additional 3,350 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Wabash National by 39.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,488 shares of the company’s stock worth $270,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Smith Asset Management Group LP increased its stake in shares of Wabash National by 4.0% during the 2nd quarter. Smith Asset Management Group LP now owns 111,516 shares of the company’s stock worth $2,081,000 after purchasing an additional 4,256 shares during the last quarter.

NYSE WNC traded down $0.34 during trading hours on Wednesday, hitting $13.36. The company’s stock had a trading volume of 564,771 shares, compared to its average volume of 950,073. Wabash National has a 52 week low of $12.40 and a 52 week high of $26.54. The stock has a market cap of $783.77 million, a price-to-earnings ratio of 9.68, a PEG ratio of 0.33 and a beta of 1.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.96.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.08). Wabash National had a net margin of 5.86% and a return on equity of 17.85%. The business had revenue of $612.69 million during the quarter, compared to the consensus estimate of $611.30 million. On average, sell-side analysts predict that Wabash National will post 1.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, October 3rd. This represents a $0.30 annualized dividend and a dividend yield of 2.25%. Wabash National’s dividend payout ratio is currently 21.74%.

About Wabash National

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

Further Reading: What is a Leveraged Buyout (LBO)?

Analyst Recommendations for Wabash National (NYSE:WNC)

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