Wabash National Corp. Stock Rating Upgraded by FBR Capital Markets (WNC)
Wabash National Corp. (NYSE:WNC) was upgraded by equities researchers at FBR Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $14.00 target price on the stock, up from their previous target price of $11.00. FBR Capital Markets’ price target indicates a potential upside of 11.11% from the stock’s previous close.
Wabash National Corp. (NYSE:WNC) traded up 2.11% during mid-day trading on Monday, hitting $12.60. The stock had a trading volume of 1,380,804 shares. Wabash National Corp. has a 52-week low of $8.19 and a 52-week high of $12.91. The stock has a 50-day moving average of $11.9 and a 200-day moving average of $11.26. The company has a market cap of $863.3 million and a P/E ratio of 7.36.
Wabash National Corp. (NYSE:WNC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $453.88 million. During the same quarter last year, the company posted $0.30 earnings per share. Wabash National Corp.’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Wabash National Corp. will post $0.77 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stephens downgraded shares of Wabash National Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, November 4th. Separately, analysts at BMO Capital Markets raised their price target on shares of Wabash National Corp. from $13.00 to $14.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Finally, analysts at Craig Hallum downgraded shares of Wabash National Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 31st. They now have a $13.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $13.58.
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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