Wabash National Corporation (WNC) PT Set at $22.00 by Stifel Nicolaus
Wabash National Corporation (NYSE:WNC) received a $22.00 price target from stock analysts at Stifel Nicolaus in a report issued on Thursday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 12.02% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. BMO Capital Markets restated a “hold” rating and set a $20.00 target price on shares of Wabash National Corporation in a research note on Friday, July 7th. BidaskClub cut shares of Wabash National Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, ValuEngine upgraded shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.43.
Shares of Wabash National Corporation (WNC) opened at 19.64 on Thursday. The company has a 50 day moving average of $21.30 and a 200 day moving average of $20.88. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 12.66 and a beta of 1.78.
Wabash National Corporation (NYSE:WNC) last released its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $435.90 million during the quarter, compared to the consensus estimate of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. On average, equities analysts forecast that Wabash National Corporation will post $1.46 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Wabash National Corporation during the first quarter valued at about $108,000. TrimTabs Asset Management LLC raised its stake in Wabash National Corporation 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 buying an additional 3,520 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Wabash National Corporation 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 buying an additional 5,930 shares during the last quarter. Ronna Sue Cohen acquired a new stake in Wabash National Corporation during the second quarter worth $203,000. Finally, Hikari Power Ltd acquired a new stake in Wabash National Corporation during the second quarter worth $209,000.
About Wabash National Corporation
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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