Shares of Wabash National Corporation (NYSE:WNC) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $24.75.

WNC has been the topic of a number of research analyst reports. Aegis boosted their price target on shares of Wabash National from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Craig Hallum raised shares of Wabash National from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. ValuEngine downgraded shares of Wabash National from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, September 27th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Wabash National in a report on Monday, October 23rd.

Several institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its holdings in shares of Wabash National by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock worth $539,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Wabash National by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock worth $689,000 after buying an additional 156 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Wabash National by 0.6% in the second quarter. Arizona State Retirement System now owns 31,400 shares of the company’s stock worth $690,000 after buying an additional 200 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Wabash National by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after buying an additional 200 shares in the last quarter. Finally, Hartford Investment Management Co. lifted its holdings in shares of Wabash National by 2.3% in the second quarter. Hartford Investment Management Co. now owns 12,480 shares of the company’s stock worth $274,000 after buying an additional 280 shares in the last quarter.

Shares of Wabash National (WNC) opened at $19.11 on Friday. Wabash National has a one year low of $13.31 and a one year high of $24.16. The company has a quick ratio of 1.18, a current ratio of 2.03 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1,120.00, a price-to-earnings ratio of 13.75, a PEG ratio of 0.66 and a beta of 1.71.

Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National had a return on equity of 18.42% and a net margin of 5.05%. The firm had revenue of $425.10 million during the quarter, compared to the consensus estimate of $449.05 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. research analysts expect that Wabash National will post 1.36 earnings per share for the current year.

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Wabash National 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 (NYSE:WNC)

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