Wabash National Corp. Rating Lowered to Underperform at Zacks (WNC)
Wabash National Corp. (NYSE:WNC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a $12.00 target price on the stock. Zacks‘ price target indicates a potential downside of 4.91% from the company’s current price.
Separately, analysts at FBR Capital Markets upgraded shares of Wabash National Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. They now have a $14.00 price target on the stock, up previously from $11.00. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Wabash National Corp. presently has an average rating of “Hold” and an average target price of $13.75.
Shares of Wabash National Corp. (NYSE:WNC) traded up 1.66% on Thursday, hitting $12.86. 297,021 shares of the company’s stock traded hands. Wabash National Corp. has a one year low of $8.19 and a one year high of $14.06. The stock has a 50-day moving average of $13.02 and a 200-day moving average of $11.86. The company has a market cap of $881.1 million and a P/E ratio of 18.88.
Wabash National Corp. (NYSE:WNC) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.08. The company had revenue of $458.40 million for the quarter, compared to the consensus estimate of $456.71 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Wabash National Corp. will post $0.91 earnings per share 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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