Wabash National Corp. Given Average Recommendation of “Buy” by Analysts (NYSE:WNC)
Wabash National Corp. (NYSE:WNC) has received a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the stock, AnalystRatings.Net reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.23.
A number of analysts have recently weighed in on WNC shares. Analysts at Zacks upgraded shares of Wabash National Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 2nd. 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.
Shares of Wabash National Corp. (NYSE:WNC) traded down 1.13% on Tuesday, hitting $14.04. 66,805 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 $14.91. The stock’s 50-day moving average is $14.13 and its 200-day moving average is $13.50. The company has a market cap of $967.6 million and a price-to-earnings ratio of 20.64.
Wabash National Corp. (NYSE:WNC) last released its earnings data on Monday, April 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter 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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