Wabash National Corporation (NYSE:WNC) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Monday, July 24th.
Several other analysts also recently weighed in on the company. BMO Capital Markets reiterated a “hold” rating and set a $20.00 price target on shares of Wabash National Corporation in a research note on Friday, July 7th. ValuEngine upgraded Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Wabash National Corporation in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.57.
Wabash National Corporation (NYSE WNC) opened at 20.51 on Monday. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 13.22 and a beta of 1.78. The firm’s 50-day moving average is $21.11 and its 200 day moving average is $21.01.
Wabash National Corporation (NYSE:WNC) last posted its quarterly 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 for 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 for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. On average, equities analysts expect that Wabash National Corporation will post $1.46 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position 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 worth $151,748,000 after buying an additional 7,318,237 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Wabash National Corporation by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock worth $43,312,000 after buying an additional 1,832,390 shares during the last quarter. Royce & Associates LP boosted its position in shares of Wabash National Corporation by 61.4% in the first quarter. Royce & Associates LP now owns 3,144,856 shares of the company’s stock worth $65,067,000 after buying an additional 1,196,856 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Wabash National Corporation during the first quarter worth approximately $19,788,000. Finally, Victory Capital Management Inc. boosted its position 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 worth $19,124,000 after buying an additional 918,419 shares during the last quarter.
About Wabash National Corporation
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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