Seaport Global Securities Reiterates “Neutral” Rating for Wabash National (WNC)
Wabash National (NYSE:WNC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Seaport Global Securities in a report released on Tuesday. Seaport Global Securities also issued estimates for Wabash National’s Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.33 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.65 EPS and FY2019 earnings at $1.75 EPS.
Several other equities research analysts have also issued reports on the company. OTR Global lowered Wabash National to a “positive” rating in a research note on Thursday, December 14th. BMO Capital Markets reaffirmed a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd. Zacks Investment Research lowered Wabash National from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus lowered 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. Finally, ValuEngine raised Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.83.
Shares of Wabash National (NYSE WNC) opened at $22.30 on Tuesday. The stock has a market capitalization of $1,310.00, a P/E ratio of 16.52, a PEG ratio of 0.63 and a beta of 1.69. Wabash National has a one year low of $16.74 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.
Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Wabash National during the 1st quarter worth approximately $108,000. Meeder Asset Management Inc. lifted its stake in shares of Wabash National by 390.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock worth $163,000 after acquiring an additional 5,930 shares during the last quarter. TrimTabs Asset Management LLC lifted its stake in shares of Wabash National by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock worth $155,000 after acquiring an additional 3,520 shares during the last quarter. Teacher Retirement System of Texas raised its position in Wabash National by 12.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,136 shares of the company’s stock valued at $116,000 after purchasing an additional 984 shares in the last quarter. Finally, Ronna Sue Cohen bought a new stake in Wabash National during the 2nd quarter valued at $203,000.
About Wabash National
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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