Wabash National Corporation (WNC) Downgraded by ValuEngine
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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