Wabash National Corp. Hits New 52-Week High at $11.49 (WNC)
Shares of Wabash National Corp. (NYSE:WNC) hit a new 52-week high during trading on Tuesday, American Banking and Market News reports. The stock traded as high as $11.49 and last traded at $11.48, with a volume of 673,022 shares trading hands. The stock had previously closed at $11.21.
WNC has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Wabash National Corp. (NYSE:WNC) in a research note to investors on Tuesday, August 27th. They set a “buy” rating and a $13.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Wabash National Corp. (NYSE:WNC) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 16th. They now have a $10.60 price target on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Wabash National Corp. (NYSE:WNC) from $12.00 to $14.00 in a research note to investors on Friday, August 2nd.
Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $12.77.
Wabash National Corp. has a 52 week low of $6.19 and a 52 week high of $11.47. The stock has a 50-day moving average of $10.56 and a 200-day moving average of $10.03. The company has a market cap of $793.8 million and a P/E ratio of 6.53.
Wabash National Corp. (NYSE:WNC) last announced its earnings results on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.02. The company had revenue of $413.10 million for the quarter, compared to the consensus estimate of $413.85 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Wabash National Corp. will post $0.82 EPS for the current fiscal year.
Wabash National Corporation (NYSE:WNC) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment.
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