Analysts Set Wabash National Corporation (WNC) PT at $23.83
Shares of Wabash National Corporation (NYSE:WNC) have received an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $23.83.
Several research firms recently commented on WNC. Craig Hallum raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. BidaskClub raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 target price on shares of Wabash National Corporation in a report on Friday, July 7th. Finally, Aegis lifted their target price on shares of Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 10th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WNC. BlackRock Inc. raised its holdings in shares of Wabash National Corporation by 45,576.6% during the first quarter. BlackRock Inc. now owns 7,334,294 shares of the company’s stock valued at $151,748,000 after purchasing an additional 7,318,237 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Wabash National Corporation during the first quarter valued at approximately $19,788,000. Old Mutual Global Investors UK Ltd. raised its holdings in shares of Wabash National Corporation by 222.0% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 884,978 shares of the company’s stock valued at $19,451,000 after purchasing an additional 610,175 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Wabash National Corporation by 17.9% during the second quarter. Royce & Associates LP now owns 3,708,103 shares of the company’s stock valued at $81,504,000 after purchasing an additional 563,247 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Wabash National Corporation by 70.7% during the first quarter. Morgan Stanley now owns 822,425 shares of the company’s stock valued at $17,015,000 after purchasing an additional 340,607 shares during the last quarter.
Shares of Wabash National Corporation (NYSE:WNC) traded down 0.13% during midday trading on Friday, reaching $22.31. 615,929 shares of the company’s stock were exchanged. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16. The stock has a market capitalization of $1.32 billion, a P/E ratio of 14.38 and a beta of 1.78. The firm has a 50-day moving average of $21.33 and a 200-day moving average of $21.13.
Wabash National Corporation (NYSE:WNC) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 EPS 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 period in the previous year, the firm earned $0.55 EPS. The company’s revenue was down 7.5% on a year-over-year basis. Analysts anticipate that Wabash National Corporation will post $1.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.24 annualized dividend and a yield of 1.08%. Wabash National Corporation’s dividend payout ratio (DPR) is presently 15.48%.
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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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