Stifel Nicolaus set a $17.00 price target on Wabash National (NYSE:WNC) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the stock.
WNC has been the subject of a number of other research reports. Loop Capital decreased their target price on shares of Wabash National to $25.00 and set a buy rating for the company in a research report on Tuesday, October 23rd. ValuEngine raised shares of Wabash National from a strong sell rating to a sell rating in a report on Monday, July 30th. BMO Capital Markets reaffirmed a hold rating and issued a $25.00 price target on shares of Wabash National in a report on Thursday, July 19th. Zacks Investment Research cut shares of Wabash National from a buy rating to a hold rating in a report on Friday, July 20th. Finally, Craig Hallum set a $18.00 price target on shares of Wabash National and gave the stock a buy rating in a report on Monday, October 15th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Wabash National has an average rating of Hold and an average price target of $20.13.
NYSE:WNC opened at $15.74 on Thursday. Wabash National has a 52 week low of $12.40 and a 52 week high of $26.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.93 and a quick ratio of 1.20. The company has a market cap of $881.98 million, a P/E ratio of 11.08, a PEG ratio of 0.37 and a beta of 1.90.
Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, October 30th. The company reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. Wabash National had a net margin of 4.87% and a return on equity of 16.97%. The company had revenue of $553.07 million during the quarter, compared to analysts’ expectations of $552.11 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Wabash National’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities analysts anticipate that Wabash National will post 1.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th were issued a $0.075 dividend. The ex-dividend date was Wednesday, October 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.91%. Wabash National’s dividend payout ratio is currently 21.74%.
Several hedge funds and other institutional investors have recently bought and sold shares of WNC. Ronna Sue Cohen acquired a new stake in shares of Wabash National in the second quarter worth $203,000. WINTON GROUP Ltd acquired a new stake in shares of Wabash National in the first quarter worth $201,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Wabash National in the first quarter worth $203,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Wabash National in the first quarter worth $216,000. Finally, NumerixS Investment Technologies Inc increased its stake in shares of Wabash National by 36.4% in the second quarter. NumerixS Investment Technologies Inc now owns 10,500 shares of the company’s stock worth $194,000 after acquiring an additional 2,800 shares during the period.
About Wabash National
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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