Wabash National (NYSE:WNC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Sunday. The brokerage currently has a $25.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 12.36% from the stock’s previous close.
According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
Several other analysts have also issued reports on the company. Seaport Global Securities restated a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. ValuEngine upgraded Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus restated a “hold” rating on shares of Wabash National in a research note on Friday, December 22nd. OTR Global lowered Wabash National to a “positive” rating in a research note on Thursday, December 14th. Finally, BMO Capital Markets restated a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.00.
Wabash National (NYSE:WNC) last released its earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $425.10 million for the quarter, compared to the consensus estimate of $449.05 million. During the same quarter in the previous year, the company posted $0.50 EPS. The business’s revenue was down 8.4% on a year-over-year basis. analysts expect that Wabash National will post 1.35 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Alpha Windward LLC raised its stake in Wabash National by 18.6% in the fourth quarter. Alpha Windward LLC now owns 26,760 shares of the company’s stock valued at $581,000 after buying an additional 4,200 shares during the period. Wasatch Advisors Inc. acquired a new position in shares of Wabash National in the fourth quarter valued at approximately $3,218,000. GSA Capital Partners LLP acquired a new position in shares of Wabash National in the third quarter valued at approximately $1,511,000. Cornerstone Capital Management Holdings LLC. grew its position in shares of Wabash National by 1.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 249,543 shares of the company’s stock valued at $5,693,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Wabash National by 4.0% in the third quarter. Royce & Associates LP now owns 3,856,637 shares of the company’s stock valued at $88,008,000 after purchasing an additional 148,534 shares during the last quarter.
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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