Wabash National Corporation (NYSE:WNC)‘s stock had its “buy” rating reiterated by research analysts at Craig Hallum in a note issued to investors on Friday. They currently have a $27.00 price target on the stock. Craig Hallum’s price objective suggests a potential upside of 19.63% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price target on shares of Wabash National Corporation in a report on Friday, July 7th. ValuEngine upgraded Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut Wabash National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 price objective on shares of Wabash National Corporation in a research note on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.86.

Wabash National Corporation (NYSE WNC) traded up 0.58% during mid-day trading on Friday, hitting $22.70. 27,765 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $21.16 and its 200-day moving average price is $21.09. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16. The stock has a market cap of $1.34 billion, a PE ratio of 14.64 and a beta of 1.78.

Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.05). The business had revenue of $435.90 million during the quarter, compared to analyst estimates of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. On average, analysts forecast that Wabash National Corporation will post $1.46 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp raised its position in Wabash National Corporation by 52.9% in the second quarter. USA Financial Portformulas Corp now owns 19,460 shares of the company’s stock worth $428,000 after acquiring an additional 6,730 shares in the last quarter. Piedmont Investment Advisors LLC raised its position in Wabash National Corporation by 53.2% in the second quarter. Piedmont Investment Advisors LLC now owns 122,490 shares of the company’s stock worth $2,692,000 after acquiring an additional 42,528 shares in the last quarter. Sterling Capital Management LLC raised its position in Wabash National Corporation by 8.5% in the second quarter. Sterling Capital Management LLC now owns 61,924 shares of the company’s stock worth $1,361,000 after acquiring an additional 4,834 shares in the last quarter. Bank of Nova Scotia purchased a new position in Wabash National Corporation in the second quarter worth $2,890,000. Finally, State Street Corp raised its position in Wabash National Corporation by 1.3% in the second quarter. State Street Corp now owns 1,620,394 shares of the company’s stock worth $35,616,000 after acquiring an additional 20,360 shares in the last quarter.

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.

Analyst Recommendations for Wabash National Corporation (NYSE:WNC)

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