Shares of Wabash National Corporation (NYSE:WNC – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.33.
WNC has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Wabash National in a research report on Tuesday, October 20th. National Bank Financial set a $25.00 price target on Wabash National in a report on Tuesday, October 20th. DA Davidson raised shares of Wabash National from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Weiss Ratings raised shares of Wabash National from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, November 2nd. Finally, Wall Street Zen upgraded shares of Wabash National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st.
Get Our Latest Stock Report on Wabash National
Institutional Investors Weigh In On Wabash National
Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of Wabash National by 542.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,254 shares of the company’s stock worth $28,000 after purchasing an additional 1,903 shares during the last quarter. Parallel Advisors LLC grew its holdings in Wabash National by 520.2% in the 3rd quarter. Parallel Advisors LLC now owns 3,169 shares of the company’s stock valued at $39,000 after buying an additional 2,658 shares during the last quarter. Fortitude Family Office LLC increased its position in Wabash National by 2,359.3% in the 3rd quarter. Fortitude Family Office LLC now owns 3,320 shares of the company’s stock worth $41,000 after buying an additional 3,185 shares during the period. Allworth Financial LP bought a new position in Wabash National in the 2nd quarter worth approximately $45,000. Finally, Legal & General Group Plc bought a new stake in shares of Wabash National in the second quarter valued at approximately $52,000. 97.05% of the stock is owned by institutional investors and hedge funds.
Wabash National Price Performance
NYSE WNC opened at $11.54 on Friday. Wabash National has a fifty-two week low of $6.63 and a fifty-two week high of $14.55. The stock’s 50-day moving average is $12.59 and its two-hundred day moving average is $10.95. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.38 and a quick ratio of 0.84. The firm has a market cap of $469.98 million, a P/E ratio of -3.38 and a beta of 1.51.
Wabash National (NYSE:WNC – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.17). The company had revenue of $476.41 million for the quarter, compared to the consensus estimate of $453.74 million. Wabash National had a negative return on equity of 42.42% and a negative net margin of 9.13%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.51) EPS. On average, analysts anticipate that Wabash National will post -2.96 earnings per share for the current fiscal year.
Wabash National Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Thursday, October 8th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. Wabash National’s payout ratio is currently -9.38%.
About Wabash National
Wabash National Corporation designs and manufactures equipment and solutions for the transportation, logistics and distribution industries. Its products include dry and refrigerated van trailers, platform trailers, tank trailers, truck bodies and equipment for final-mile delivery. The company also supplies parts, components and services for commercial vehicles and offers products used in applications such as cold-chain transportation and warehouse operations. Wabash serves customers primarily in North America.
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