Zacks Investment Research upgraded shares of Wabash National Corporation (NYSE:WNC) from a sell rating to a hold rating in a report published on Tuesday.
According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
Several other equities analysts also recently commented on WNC. Craig Hallum raised Wabash National Corporation from a hold rating to a buy rating in a research report on Thursday, August 10th. BidaskClub upgraded Wabash National Corporation from a sell rating to a hold rating in a report on Saturday, August 12th. Aegis upped their target price on Wabash National Corporation from $27.00 to $29.00 and gave the stock a buy rating in a report on Thursday, August 10th. Stifel Nicolaus set a $22.00 target price on Wabash National Corporation and gave the stock a hold rating in a report on Thursday, August 10th. Finally, BMO Capital Markets reiterated a hold rating and issued a $20.00 target price on shares of Wabash National Corporation in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Wabash National Corporation has an average rating of Hold and an average target price of $20.57.
Shares of Wabash National Corporation (WNC) opened at 20.51 on Tuesday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 13.22 and a beta of 1.78. The company has a 50-day moving average price of $21.11 and a 200-day moving average price of $21.01. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The business had revenue of $435.90 million during the quarter, compared to the consensus estimate of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. Equities analysts anticipate that Wabash National Corporation will post $1.46 EPS for the current year.
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Several large investors have recently modified their holdings of the company. Koch Industries Inc. bought a new stake in shares of Wabash National Corporation during the first quarter worth $250,000. Karp Capital Management Corp bought a new stake in shares of Wabash National Corporation during the first quarter worth $735,000. Alliancebernstein L.P. boosted its stake in shares of Wabash National Corporation by 1.4% in the first quarter. Alliancebernstein L.P. now owns 95,300 shares of the company’s stock worth $1,972,000 after buying an additional 1,300 shares during the period. Teachers Advisors LLC boosted its stake in shares of Wabash National Corporation by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 784,721 shares of the company’s stock worth $12,414,000 after buying an additional 4,064 shares during the period. Finally, Malaga Cove Capital LLC bought a new stake in shares of Wabash National Corporation during the second quarter worth $905,000.
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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