Brokerages Set Wabash National Co. (WNC) Price Target at $25.00
Wabash National Co. (NYSE:WNC) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $25.00.
Several equities analysts recently weighed in on WNC shares. Zacks Investment Research cut shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 price target on shares of Wabash National in a research report on Thursday, July 19th. Stifel Nicolaus dropped their price target on shares of Wabash National from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Thursday, August 2nd. Piper Jaffray Companies set a $22.00 price target on shares of Wabash National and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, ValuEngine raised shares of Wabash National from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd.
Institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its position in shares of Wabash National by 39.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,488 shares of the company’s stock worth $270,000 after buying an additional 4,100 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Wabash National during the 1st quarter worth approximately $757,000. FDx Advisors Inc. increased its stake in shares of Wabash National by 20.8% during the 1st quarter. FDx Advisors Inc. now owns 30,509 shares of the company’s stock worth $635,000 after purchasing an additional 5,249 shares during the last quarter. FTB Advisors Inc. increased its stake in shares of Wabash National by 6,098.3% during the 2nd quarter. FTB Advisors Inc. now owns 15,000 shares of the company’s stock worth $280,000 after purchasing an additional 14,758 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Wabash National by 0.9% during the 1st quarter. BlackRock Inc. now owns 7,564,757 shares of the company’s stock worth $157,423,000 after purchasing an additional 66,192 shares during the last quarter.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.08). Wabash National had a net margin of 5.86% and a return on equity of 17.85%. The business had revenue of $612.69 million during the quarter, compared to the consensus estimate of $611.30 million. sell-side analysts predict that Wabash National will post 1.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, October 3rd. This represents a $0.30 annualized dividend and a dividend yield of 1.64%. Wabash National’s dividend payout ratio is currently 21.74%.
About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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