Wabash National’s (WNC) Buy Rating Reaffirmed at DA Davidson

Wabash National (NYSE:WNC)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report released on Monday,Benzinga reports. They presently have a $20.00 price objective on the stock. DA Davidson’s price objective points to a potential upside of 67.63% from the stock’s previous close.

A number of other research firms have also commented on WNC. Citizens Jmp initiated coverage on shares of Wabash National in a report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price target for the company. National Bank Financial set a $20.00 price objective on shares of Wabash National in a research report on Wednesday, August 12th. Wall Street Zen raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wabash National in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.67.

Wabash National Trading Down 0.7%

WNC traded down $0.09 on Monday, hitting $11.93. 113,811 shares of the company were exchanged, compared to its average volume of 843,885. The firm has a fifty day simple moving average of $12.60 and a two-hundred day simple moving average of $10.24. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 1.31. Wabash National has a 12 month low of $6.63 and a 12 month high of $14.32. The stock has a market capitalization of $486.07 million, a PE ratio of -6.18 and a beta of 1.44.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.03. The firm had revenue of $417.24 million during the quarter, compared to the consensus estimate of $402.85 million. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%.The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Sell-side analysts expect that Wabash National will post -2.41 earnings per share for the current year.

Institutional Trading of Wabash National

Several large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in shares of Wabash National by 46.4% in the 1st quarter. Sei Investments Co. now owns 456,328 shares of the company’s stock worth $3,934,000 after acquiring an additional 144,711 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Wabash National by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after purchasing an additional 247,345 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Wabash National by 40.1% during the first quarter. Empowered Funds LLC now owns 589,884 shares of the company’s stock valued at $5,085,000 after purchasing an additional 168,929 shares in the last quarter. Heartland Advisors Inc. purchased a new stake in Wabash National in the second quarter worth $4,001,000. Finally, Islay Capital Management LLC purchased a new stake in Wabash National in the fourth quarter worth $851,000. Institutional investors 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.