Wabash National Corp. (WNC) Coverage Initiated by Analysts at Credit Agricole SA
Several other analysts have also recently commented on WNC. Stifel Nicolaus cut shares of Wabash National Corp. from a hold rating to a sell rating and set a $11.00 target price for the company. in a research note on Monday, June 13th. Zacks Investment Research cut shares of Wabash National Corp. from a strong-buy rating to a hold rating in a research note on Thursday, June 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $13.40.
Wabash National Corp. (NYSE:WNC) opened at 14.24 on Friday. Wabash National Corp. has a 12-month low of $9.68 and a 12-month high of $14.97. The firm has a market cap of $910.19 million, a PE ratio of 7.46 and a beta of 2.09. The company has a 50-day moving average price of $13.82 and a 200-day moving average price of $13.50.
Wabash National Corp. (NYSE:WNC) last released its earnings results on Tuesday, July 26th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.08. The firm earned $471.44 million during the quarter, compared to analysts’ expectations of $490.19 million. Wabash National Corp. had a net margin of 6.43% and a return on equity of 28.98%. Wabash National Corp.’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. On average, equities analysts predict that Wabash National Corp. will post $1.86 earnings per share for the current year.
In related news, SVP Erin Jennifer Roth sold 7,500 shares of Wabash National Corp. stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $14.50, for a total transaction of $108,750.00. Following the transaction, the senior vice president now owns 87,520 shares in the company, valued at approximately $1,269,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Mariner Wealth Advisors LLC raised its position in Wabash National Corp. by 55.6% in the first quarter. Mariner Wealth Advisors LLC now owns 70,000 shares of the company’s stock valued at $924,000 after buying an additional 25,000 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Wabash National Corp. by 2.2% in the first quarter. Goldman Sachs Group Inc. now owns 921,737 shares of the company’s stock valued at $12,167,000 after buying an additional 20,134 shares during the last quarter. UBS Group AG raised its position in Wabash National Corp. by 1.8% in the first quarter. UBS Group AG now owns 201,913 shares of the company’s stock valued at $2,666,000 after buying an additional 3,564 shares during the last quarter. Spark Investment Management LLC acquired a new position in Wabash National Corp. during the first quarter valued at $3,934,000. Finally, ING Groep NV acquired a new position in Wabash National Corp. during the first quarter valued at $197,000.
Wabash National Corp. Company Profile
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.
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