Investment analysts at Mizuho assumed coverage on shares of Wabash National (NYSE:WNC) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $24.00 price target on the stock. Mizuho’s target price would suggest a potential upside of 28.62% from the stock’s previous close.
A number of other analysts have also recently weighed in on the company. OTR Global raised Wabash National to a “positive” rating in a research report on Thursday, March 1st. ValuEngine cut Wabash National from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, April 26th. Finally, Craig Hallum set a $32.00 price objective on Wabash National and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Wabash National presently has an average rating of “Hold” and a consensus price target of $26.33.
Wabash National opened at $18.66 on Thursday, MarketBeat Ratings reports. Wabash National has a twelve month low of $18.25 and a twelve month high of $26.54. The company has a quick ratio of 1.20, a current ratio of 1.91 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.44 and a beta of 1.82.
Wabash National (NYSE:WNC) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). Wabash National had a return on equity of 16.87% and a net margin of 5.94%. The company had revenue of $491.32 million for the quarter, compared to analyst estimates of $468.77 million. During the same period in the previous year, the business posted $0.31 earnings per share. The firm’s revenue was up 35.5% compared to the same quarter last year. research analysts forecast that Wabash National will post 2.01 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Wabash National by 0.9% in the 1st quarter. BlackRock Inc. now owns 7,564,757 shares of the company’s stock valued at $157,423,000 after buying an additional 66,192 shares during the period. LSV Asset Management lifted its holdings in shares of Wabash National by 0.7% in the 1st quarter. LSV Asset Management now owns 3,404,091 shares of the company’s stock valued at $70,839,000 after buying an additional 23,800 shares during the period. Park West Asset Management LLC lifted its holdings in shares of Wabash National by 11.2% in the 1st quarter. Park West Asset Management LLC now owns 1,817,481 shares of the company’s stock valued at $37,822,000 after buying an additional 182,481 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Wabash National by 3.7% in the 4th quarter. Allianz Asset Management GmbH now owns 1,452,237 shares of the company’s stock valued at $31,514,000 after buying an additional 52,460 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Wabash National by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,026,475 shares of the company’s stock valued at $22,275,000 after buying an additional 31,058 shares during the period.
Wabash National Company Profile
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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