Wabash National (NYSE:WNC) was downgraded by stock analysts at OTR Global to a “positive” rating in a report issued on Thursday, The Fly reports.
A number of other research firms have also weighed in on WNC. Craig Hallum reissued a “buy” rating and set a $27.00 price objective on shares of Wabash National in a research note on Friday, October 6th. Stifel Nicolaus dropped their price objective on Wabash National from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. ValuEngine lowered Wabash National from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, September 27th. Finally, BMO Capital Markets restated a “hold” rating on shares of Wabash National in a report on Monday, October 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.86.
Wabash National (WNC) traded up $0.27 during trading hours on Thursday, hitting $20.28. The stock had a trading volume of 541,800 shares, compared to its average volume of 955,632. The stock has a market capitalization of $1,180.15, a price-to-earnings ratio of 14.29, a PEG ratio of 0.68 and a beta of 1.68. Wabash National has a 52-week low of $14.97 and a 52-week high of $24.16. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.18 and a current ratio of 2.03.
Wabash National (NYSE:WNC) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $425.10 million for the quarter, compared to analysts’ expectations of $449.05 million. Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. equities research analysts forecast that Wabash National will post 1.37 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in Wabash National in the first quarter worth $108,000. Meeder Asset Management Inc. raised its holdings in Wabash National 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 purchasing an additional 5,930 shares in the last quarter. TrimTabs Asset Management LLC raised its holdings in Wabash National 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 purchasing an additional 3,520 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Wabash National 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 purchasing an additional 984 shares in the last quarter. Finally, Ronna Sue Cohen bought a new position in Wabash National in the second quarter worth $203,000.
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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.