Wabash National Corporation (WNC) PT Lowered to $22.00 at Stifel Nicolaus

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.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The business had revenue of $425.10 million during the quarter, compared to analysts’ expectations of $449.05 million. During the same quarter in the prior year, the firm earned $0.50 EPS. Wabash National’s revenue for the quarter was down 8.4% on a year-over-year basis. sell-side analysts anticipate that Wabash National will post 1.36 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Wabash National (NYSE:WNC)

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