ValuEngine downgraded shares of Wabash National Corporation (NYSE:WNC) from a strong-buy rating to a buy rating in a research report released on Monday morning.

Several other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Wabash National Corporation from a hold rating to a buy rating and set a $24.00 target price on the stock in a report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a hold rating and issued a $22.00 target price on shares of Wabash National Corporation in a report on Tuesday, September 12th. BidaskClub raised shares of Wabash National Corporation from a sell rating to a hold rating in a report on Saturday, August 12th. Aegis lifted their target price on shares of Wabash National Corporation from $27.00 to $29.00 and gave the company a buy rating in a report on Thursday, August 10th. Finally, Craig Hallum raised shares of Wabash National Corporation from a hold rating to a buy rating in a report on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Wabash National Corporation has an average rating of Hold and a consensus target price of $22.17.

Wabash National Corporation (NYSE:WNC) opened at 22.86 on Monday. The firm has a 50 day moving average of $21.10 and a 200-day moving average of $21.07. The firm has a market cap of $1.35 billion, a P/E ratio of 14.74 and a beta of 1.78. Wabash National Corporation has a 12 month low of $10.74 and a 12 month high of $24.16.

Wabash National Corporation (NYSE:WNC) last issued its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.05). The firm had revenue of $435.90 million during the quarter, compared to analysts’ expectations 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 was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. On average, equities research analysts forecast that Wabash National Corporation will post $1.46 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio (DPR) is 15.48%.

Several hedge funds and other institutional investors have recently made changes to their positions in WNC. BlackRock Inc. lifted its stake in shares of Wabash National Corporation by 45,576.6% in the first quarter. BlackRock Inc. now owns 7,334,294 shares of the company’s stock valued at $151,748,000 after purchasing an additional 7,318,237 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Wabash National Corporation in the first quarter valued at about $19,788,000. Victory Capital Management Inc. lifted its stake in shares of Wabash National Corporation by 15,627.3% in the first quarter. Victory Capital Management Inc. now owns 924,296 shares of the company’s stock valued at $19,124,000 after purchasing an additional 918,419 shares during the period. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Wabash National Corporation by 222.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 884,978 shares of the company’s stock valued at $19,451,000 after purchasing an additional 610,175 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Wabash National Corporation by 17.9% in the second quarter. Royce & Associates LP now owns 3,708,103 shares of the company’s stock valued at $81,504,000 after purchasing an additional 563,247 shares during the period.

Wabash National Corporation 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.

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Analyst Recommendations for Wabash National Corporation (NYSE:WNC)

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