Citizens Jmp Initiates Coverage on Wabash National (NYSE:WNC)

Research analysts at Citizens Jmp assumed coverage on shares of Wabash National (NYSE:WNC) in a report issued on Wednesday. The brokerage set an “outperform” rating and a $25.00 price target on the stock. Citizens Jmp’s price target indicates a potential upside of 85.63% from the company’s current price.

Other research analysts have also issued reports about the company. DA Davidson raised Wabash National from a “neutral” rating to a “buy” rating and increased their target price for the stock from $8.50 to $20.00 in a research report on Wednesday, June 17th. Wall Street Zen lowered Wabash National from a “sell” rating to a “strong sell” rating in a research note on Sunday. Finally, Weiss Ratings downgraded Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.00.

Wabash National Stock Performance

Shares of WNC stock opened at $13.47 on Wednesday. Wabash National has a one year low of $6.63 and a one year high of $14.32. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 1.33. The company has a 50 day moving average price of $9.78 and a 200 day moving average price of $9.67. The firm has a market capitalization of $547.74 million, a price-to-earnings ratio of -8.42 and a beta of 1.43.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Friday, May 1st. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The company had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. During the same quarter last year, the business earned ($0.58) EPS. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Wabash National will post -1.75 EPS for the current year.

Institutional Trading of Wabash National

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its position in Wabash National by 0.5% during the fourth quarter. Invesco Ltd. now owns 172,931 shares of the company’s stock valued at $1,496,000 after buying an additional 941 shares during the period. Deutsche Bank AG boosted its position in Wabash National by 6.9% during the 4th quarter. Deutsche Bank AG now owns 31,618 shares of the company’s stock worth $273,000 after acquiring an additional 2,052 shares during the period. Raymond James Financial Inc. boosted its position in Wabash National by 12.6% during the 2nd quarter. Raymond James Financial Inc. now owns 18,519 shares of the company’s stock worth $197,000 after acquiring an additional 2,078 shares during the period. Man Group plc grew its stake in Wabash National by 4.4% during the 3rd quarter. Man Group plc now owns 53,556 shares of the company’s stock valued at $529,000 after acquiring an additional 2,235 shares in the last quarter. Finally, CWM LLC grew its stake in Wabash National by 82.6% during the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after acquiring an additional 2,758 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

About Wabash National

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.