Wabash National Corp. Upgraded to “Outperform” by Zacks (WNC)
Wabash National Corp. (NYSE:WNC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm currently has a $15.80 price target on the stock. Zacks‘s price target points to a potential upside of 9.49% from the stock’s previous close.
Shares of Wabash National Corp. (NYSE:WNC) traded up 1.04% on Wednesday, hitting $14.58. 176,072 shares of the company’s stock traded hands. Wabash National Corp. has a 52 week low of $9.42 and a 52 week high of $14.89. The stock has a 50-day moving average of $13.99 and a 200-day moving average of $13.43. The company has a market cap of $1.005 billion and a P/E ratio of 20.97.
Wabash National Corp. (NYSE:WNC) last released its earnings data on Monday, April 28th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $358.10 million for the quarter, compared to the consensus estimate of $357.15 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Wabash National Corp. will post $0.87 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Wabash National Corp. in a research note on Thursday, May 22nd. They now have a $17.00 price target on the stock, up previously from $16.00. Analysts at Craig Hallum upgraded shares of Wabash National Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Wabash National Corp. has a consensus rating of “Buy” and a consensus target price of $15.23.
Wabash National Corporation (NYSE:WNC) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.