Wabash National Corp. Hits New 12-Month High at $14.91 (WNC)
Shares of Wabash National Corp. (NYSE:WNC) reached a new 52-week high during mid-day trading on Thursday , American Banking News reports. The company traded as high as $14.91 and last traded at $14.75, with a volume of 181,208 shares. The stock had previously closed at $14.65.
WNC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Wabash National Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $15.80 price target on the stock. Separately, 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. Finally, 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 equities research 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. currently has a consensus rating of “Buy” and an average price target of $15.23.
The stock’s 50-day moving average is $13.99 and its 200-day moving average is $13.43. The company has a market cap of $1.017 billion and a price-to-earnings ratio of 21.29.
Wabash National Corp. (NYSE:WNC) last announced its earnings results 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.
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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