Wabash National Corporation (WNC) Given Consensus Recommendation of “Hold” by Brokerages
Wabash National Corporation (NYSE:WNC) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.40.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Aegis raised their target price on Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Craig Hallum upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus set a $22.00 target price on Wabash National Corporation and gave the company a “hold” rating in a report on Thursday, August 10th.
Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in Wabash National Corporation during the first quarter worth approximately $108,000. TrimTabs Asset Management LLC raised its position in Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock worth $155,000 after buying an additional 3,520 shares during the last quarter. Meeder Asset Management Inc. raised its position in Wabash National Corporation by 390.1% in the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock worth $163,000 after buying an additional 5,930 shares during the last quarter. Ronna Sue Cohen acquired a new position in Wabash National Corporation during the second quarter worth approximately $203,000. Finally, Hikari Power Ltd acquired a new position in Wabash National Corporation during the second quarter worth approximately $209,000.
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Shares of Wabash National Corporation (NYSE WNC) opened at 20.36 on Friday. Wabash National Corporation has a 12 month low of $10.74 and a 12 month high of $24.16. The stock has a market cap of $1.20 billion, a P/E ratio of 13.13 and a beta of 1.78. The stock has a 50 day moving average price of $21.15 and a 200 day moving average price of $20.99.
Wabash National Corporation (NYSE:WNC) last posted its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The company had revenue of $435.90 million for the quarter, compared to the consensus estimate of $436.85 million. During the same quarter last year, the business earned $0.55 earnings per share. Wabash National Corporation’s quarterly revenue was down 7.5% on a year-over-year basis. Equities analysts anticipate that Wabash National Corporation will post $1.46 EPS for the current fiscal year.
Wabash National Corporation Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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