BMO Capital Markets Boosts Wabash National (WNC) Price Target to $24.00

Wabash National (NYSE:WNC) had its price target increased by stock analysts at BMO Capital Markets to $24.00 in a note issued to investors on Friday. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 3.76% from the stock’s current price.

A number of other analysts have also issued reports on the stock. OTR Global lowered shares of Wabash National to a “positive” rating in a research note on Thursday, December 14th. ValuEngine upgraded shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating on shares of Wabash National in a research note on Friday, December 22nd. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $26.20.

Shares of Wabash National (WNC) traded down $1.13 during trading hours on Friday, reaching $23.13. 661,826 shares of the company’s stock were exchanged, compared to its average volume of 1,080,139. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.03 and a quick ratio of 1.39. The stock has a market capitalization of $1,390.00, a price-to-earnings ratio of 12.92, a PEG ratio of 0.58 and a beta of 1.73. Wabash National has a one year low of $18.25 and a one year high of $26.54.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The company had revenue of $543.40 million for the quarter, compared to analyst estimates of $517.96 million. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. equities analysts forecast that Wabash National will post 1.97 earnings per share for the current fiscal year.

In other news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its position in shares of Wabash National by 4.0% during the third quarter. Royce & Associates LP now owns 3,856,637 shares of the company’s stock worth $88,008,000 after buying an additional 148,534 shares in the last quarter. Rothschild Asset Management Inc. grew its position in shares of Wabash National by 5.6% during the third quarter. Rothschild Asset Management Inc. now owns 1,790,653 shares of the company’s stock worth $40,863,000 after buying an additional 95,220 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Wabash National by 16.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,636,788 shares of the company’s stock worth $35,519,000 after buying an additional 232,736 shares in the last quarter. State Street Corp grew its position in shares of Wabash National by 1.3% during the second quarter. State Street Corp now owns 1,620,394 shares of the company’s stock worth $35,616,000 after buying an additional 20,360 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of Wabash National by 22.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,081,472 shares of the company’s stock worth $24,679,000 after buying an additional 196,494 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.

Analyst Recommendations for Wabash National (NYSE:WNC)

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