Wabash National (NYSE:WNC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $24.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.70% from the company’s previous close.
According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
A number of other equities research analysts have also weighed in on the company. OTR Global lowered Wabash National to a “positive” rating in a report on Thursday, December 14th. ValuEngine raised Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus reissued a “hold” rating on shares of Wabash National in a research note on Friday, December 22nd. Seaport Global Securities reissued a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Finally, BMO Capital Markets boosted their price target on Wabash National to $24.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.80.
Shares of Wabash National (NYSE WNC) traded up $0.26 on Friday, reaching $21.68. The company’s stock had a trading volume of 129,470 shares, compared to its average volume of 898,486. Wabash National has a 12 month low of $18.25 and a 12 month high of $26.54. The stock has a market cap of $1,248.13, a price-to-earnings ratio of 12.18, a PEG ratio of 0.51 and a beta of 1.82. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.03 and a quick ratio of 1.39.
Wabash National (NYSE:WNC) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The company had revenue of $543.40 million for the quarter, compared to analyst estimates of $517.96 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. equities analysts predict that Wabash National will post 1.97 EPS for the current fiscal year.
In other news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the sale, the chief executive officer now owns 803,680 shares of the company’s stock, valued at approximately $20,124,147.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Wabash National by 3.7% in the 4th quarter. BlackRock Inc. now owns 7,498,565 shares of the company’s stock valued at $162,718,000 after buying an additional 264,512 shares in the last quarter. Royce & Associates LP lifted its stake in Wabash National by 18.5% in the 4th quarter. Royce & Associates LP now owns 4,571,699 shares of the company’s stock valued at $99,206,000 after buying an additional 715,062 shares in the last quarter. Rothschild Asset Management Inc. lifted its stake in Wabash National by 5.6% in the 3rd quarter. Rothschild Asset Management Inc. now owns 1,790,653 shares of the company’s stock valued at $40,863,000 after buying an additional 95,220 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Wabash National by 16.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,636,788 shares of the company’s stock valued at $35,519,000 after buying an additional 232,736 shares in the last quarter. Finally, Park West Asset Management LLC lifted its stake in Wabash National by 63.5% in the 4th quarter. Park West Asset Management LLC now owns 1,635,000 shares of the company’s stock valued at $35,480,000 after buying an additional 635,000 shares in the last quarter.
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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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