Wabash National Corporation (NYSE:WNC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also issued reports about the stock. Aegis lifted their price target on shares of Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday. Craig Hallum upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus set a $22.00 price target on shares of Wabash National Corporation and gave the company a “hold” rating in a research note on Thursday. BMO Capital Markets reissued a “hold” rating and issued a $20.00 price objective on shares of Wabash National Corporation in a research report on Friday, July 7th. Finally, ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Wabash National Corporation currently has an average rating of “Hold” and an average target price of $20.57.

Shares of Wabash National Corporation (NYSE:WNC) opened at 20.59 on Friday. The company has a market capitalization of $1.22 billion, a PE ratio of 13.28 and a beta of 1.78. The company has a 50-day moving average of $21.27 and a 200-day moving average of $20.90. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16.

Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.05. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The business had revenue of $435.90 million during the quarter, compared to analyst estimates of $436.85 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts anticipate that Wabash National Corporation will post $1.46 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in WNC. Louisiana State Employees Retirement System increased its position in shares of Wabash National Corporation by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock worth $539,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Wabash National Corporation by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock worth $689,000 after buying an additional 156 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Wabash National Corporation by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 33,105 shares of the company’s stock worth $685,000 after buying an additional 189 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Wabash National Corporation by 0.6% in the second quarter. Arizona State Retirement System now owns 31,400 shares of the company’s stock worth $690,000 after buying an additional 200 shares during the period.

Wabash National Corporation Company Profile

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 Corporation (NYSE:WNC)

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