Wabash National Co. (WNC) Given Consensus Rating of “Buy” by Analysts
Shares of Wabash National Co. (NYSE:WNC) have received a consensus rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.67.
A number of research analysts recently issued reports on WNC shares. ValuEngine upgraded Wabash National from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Stifel Nicolaus reiterated a “hold” rating on shares of Wabash National in a report on Friday, December 22nd. OTR Global downgraded Wabash National to a “positive” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded Wabash National from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Wabash National in a report on Monday, October 23rd.
Large investors have recently bought and sold shares of the stock. ETRADE Capital Management LLC acquired a new position in Wabash National during the second quarter valued at approximately $257,000. Quantbot Technologies LP acquired a new position in Wabash National during the third quarter valued at approximately $326,000. Yorktown Management & Research Co Inc boosted its position in Wabash National by 21.7% during the third quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock valued at $333,000 after purchasing an additional 2,600 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Wabash National by 15.7% during the second quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock valued at $341,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Wabash National during the third quarter valued at approximately $407,000.
Shares of Wabash National (NYSE WNC) opened at $22.46 on Monday. Wabash National has a fifty-two week low of $16.74 and a fifty-two week high of $24.16. The stock has a market capitalization of $1,324.65, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.63 and a beta of 1.69. The company has a quick ratio of 1.18, a current ratio of 2.03 and a debt-to-equity ratio of 1.04.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). Wabash National had a return on equity of 18.42% and a net margin of 5.05%. The business had revenue of $425.10 million during the quarter, compared to the consensus estimate of $449.05 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. sell-side analysts predict that Wabash National will post 1.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, January 3rd. This is an increase from Wabash National’s previous quarterly dividend of $0.06. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.34%. Wabash National’s dividend payout ratio (DPR) is presently 22.39%.
Wabash National 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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