Wabash National Corp. (WNC) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Wabash National Corp. (NYSE:WNC) have received an average rating of “Hold” from the seven ratings firms that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.20.
WNC has been the topic of several analyst reports. Zacks Investment Research raised shares of Wabash National Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Credit Agricole SA initiated coverage on shares of Wabash National Corp. in a report on Friday, September 30th. They set an “underperform” rating and a $15.00 price target for the company.
Wabash National Corp. (NYSE:WNC) traded up 0.785% during midday trading on Monday, hitting $13.485. 239,880 shares of the stock traded hands. The firm has a market cap of $861.93 million, a P/E ratio of 7.060 and a beta of 2.09. Wabash National Corp. has a 1-year low of $9.68 and a 1-year high of $14.97. The company has a 50-day moving average price of $13.89 and a 200-day moving average price of $13.57.
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Wabash National Corp. (NYSE:WNC) last released its earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.08. The business had revenue of $471.44 million for the quarter, compared to the consensus estimate of $490.19 million. Wabash National Corp. had a net margin of 6.43% and a return on equity of 28.98%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. Analysts predict that Wabash National Corp. will post $1.86 EPS for the current year.
In other Wabash National Corp. news, SVP Erin Jennifer Roth sold 7,500 shares of Wabash National Corp. stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $14.50, for a total value of $108,750.00. Following the completion of the sale, the senior vice president now directly owns 87,520 shares in the company, valued at $1,269,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of WNC. Teacher Retirement System of Texas boosted its stake in Wabash National Corp. by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,136 shares of the company’s stock worth $116,000 after buying an additional 984 shares during the period. AHL Partners LLP acquired a new stake in Wabash National Corp. during the second quarter worth about $136,000. Suntrust Banks Inc. boosted its stake in Wabash National Corp. by 5.7% in the second quarter. Suntrust Banks Inc. now owns 11,074 shares of the company’s stock worth $140,000 after buying an additional 602 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Wabash National Corp. by 172.9% in the third quarter. BNP Paribas Arbitrage SA now owns 11,757 shares of the company’s stock worth $167,000 after buying an additional 7,449 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Wabash National Corp. by 144,050.0% in the second quarter. Meeder Asset Management Inc. now owns 14,415 shares of the company’s stock worth $183,000 after buying an additional 14,405 shares during the period.
Wabash National Corp. Company Profile
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.
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