Wabash National (NYSE:WNC – Get Free Report)‘s stock had its “buy” rating reissued by DA Davidson in a research report issued on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the stock. DA Davidson’s price objective points to a potential upside of 48.48% from the company’s current price.
A number of other research firms have also weighed in on WNC. Weiss Ratings lowered shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Citizens Jmp started coverage on shares of Wabash National in a research report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, Wall Street Zen lowered shares of Wabash National from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.00.
Read Our Latest Research Report on Wabash National
Wabash National Trading Down 0.3%
Wabash National (NYSE:WNC – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). The firm had revenue of $303.23 million for the quarter, compared to the consensus estimate of $319.03 million. Wabash National had a negative return on equity of 30.16% and a negative net margin of 4.41%.Wabash National’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.58) EPS. As a group, equities analysts expect that Wabash National will post -1.75 EPS for the current year.
Institutional Investors Weigh In On Wabash National
Institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co bought a new position in Wabash National in the fourth quarter worth about $37,000. Quadrant Capital Group LLC boosted its holdings in shares of Wabash National by 515.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after buying an additional 4,530 shares in the last quarter. CWM LLC grew its position in shares of Wabash National by 82.6% in the 4th quarter. CWM LLC now owns 6,099 shares of the company’s stock worth $53,000 after buying an additional 2,758 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Wabash National by 104.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock worth $80,000 after buying an additional 4,129 shares during the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Wabash National during the 4th quarter worth approximately $90,000. 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.
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