Wabash National Corporation (NYSE:WNC) had its target price reduced by analysts at Stifel Nicolaus from $23.00 to $22.00 in a report released on Monday, November 6th. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 15.12% from the stock’s previous close.
Several other brokerages have also weighed in on WNC. Zacks Investment Research lowered Wabash National from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Craig Hallum reiterated a “buy” rating and set a $27.00 price objective on shares of Wabash National in a research note on Friday, October 6th. ValuEngine lowered Wabash National from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded Wabash National from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Aegis boosted their price objective on Wabash National from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.86.
Shares of Wabash National (WNC) traded down $0.14 during trading on Monday, hitting $19.11. The company had a trading volume of 444,012 shares, compared to its average volume of 1,044,497. The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.04. Wabash National has a 1 year low of $13.31 and a 1 year high of $24.16. The stock has a market cap of $1,135.33, a price-to-earnings ratio of 13.75, a PEG ratio of 0.66 and a beta of 1.71.
Several hedge funds have recently bought and sold shares of WNC. Meeder Asset Management Inc. grew its position in shares of Wabash National by 390.1% in the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock valued at $163,000 after purchasing an additional 5,930 shares in the last quarter. Ronna Sue Cohen acquired a new position in Wabash National in the second quarter valued at approximately $203,000. Hikari Power Ltd acquired a new position in Wabash National during the second quarter worth $209,000. US Bancorp DE lifted its stake in Wabash National by 246.9% during the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock worth $215,000 after purchasing an additional 6,944 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Wabash National during the second quarter worth $235,000.
About Wabash National
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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