Wabash National Corporation (WNC) Stock Rating Reaffirmed by Craig Hallum
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.
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.
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