Wabash National Corporation (WNC) Given “Hold” Rating at Stifel Nicolaus
WNC has been the subject of several other reports. ValuEngine upgraded Wabash National Corporation from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Wabash National Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. Aegis lifted their target price on Wabash National Corporation from $27.00 to $29.00 and gave the stock 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 research report on Tuesday, June 13th. Finally, Craig Hallum upgraded Wabash National Corporation from a hold rating to a buy rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $20.57.
Shares of Wabash National Corporation (NYSE:WNC) opened at 20.69 on Tuesday. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.34 and a beta of 1.78. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16. The stock has a 50 day moving average of $20.33 and a 200-day moving average of $21.00.
Wabash National Corporation (NYSE:WNC) last released its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The business had revenue of $435.90 million for the quarter, compared to the consensus estimate of $436.85 million. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities analysts expect that Wabash National Corporation will post $1.46 earnings per share for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. Koch Industries Inc. bought a new stake in shares of Wabash National Corporation in the first quarter valued at about $250,000. Prudential Financial Inc. raised its holdings in shares of Wabash National Corporation by 9.7% in the second quarter. Prudential Financial Inc. now owns 1,195,979 shares of the company’s stock valued at $26,288,000 after acquiring an additional 105,900 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Wabash National Corporation in the first quarter valued at about $735,000. Alliancebernstein L.P. raised its holdings 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 valued at $1,972,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Malaga Cove Capital LLC bought a new stake in shares of Wabash National Corporation in the second quarter valued at about $905,000.
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.
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