Wabash National (WNC) Given a $17.00 Price Target at Stifel Nicolaus

Wabash National (NYSE:WNC) has been assigned a $17.00 target price by research analysts at Stifel Nicolaus in a research note issued on Thursday. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 6.58% from the stock’s previous close.

Several other research firms have also weighed in on WNC. BMO Capital Markets reiterated a “hold” rating and set a $25.00 target price on shares of Wabash National in a report on Thursday, July 19th. Zacks Investment Research lowered Wabash National from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Piper Jaffray Companies set a $22.00 target price on Wabash National and gave the stock a “hold” rating in a report on Wednesday, August 1st. ValuEngine upgraded Wabash National from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Finally, Loop Capital assumed coverage on Wabash National in a report on Monday, October 1st. They set a “buy” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Wabash National currently has a consensus rating of “Hold” and an average price target of $20.13.

WNC stock traded up $0.85 during midday trading on Thursday, hitting $15.95. 486,299 shares of the company’s stock were exchanged, compared to its average volume of 995,458. The company has a current ratio of 1.96, a quick ratio of 1.20 and a debt-to-equity ratio of 1.01. The firm has a market cap of $777.48 million, a PE ratio of 11.56, a P/E/G ratio of 0.32 and a beta of 1.79. Wabash National has a one year low of $12.40 and a one year high of $26.54.

Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, October 30th. The company reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $553.07 million for the quarter, compared to analyst estimates of $552.11 million. Wabash National had a return on equity of 16.75% and a net margin of 4.87%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, analysts forecast that Wabash National will post 1.5 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Wabash National by 7.3% in the second quarter. BlackRock Inc. now owns 8,113,463 shares of the company’s stock valued at $151,396,000 after purchasing an additional 548,706 shares during the period. Rothschild Asset Management Inc. grew its holdings in Wabash National by 0.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 1,610,890 shares of the company’s stock worth $30,059,000 after acquiring an additional 5,008 shares during the period. Peregrine Capital Management LLC grew its holdings in Wabash National by 2.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 996,829 shares of the company’s stock worth $18,172,000 after acquiring an additional 26,157 shares during the period. Northern Trust Corp grew its holdings in Wabash National by 7.6% during the 2nd quarter. Northern Trust Corp now owns 800,854 shares of the company’s stock worth $14,944,000 after acquiring an additional 56,618 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Wabash National by 14.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 576,772 shares of the company’s stock worth $10,763,000 after acquiring an additional 71,524 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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Analyst Recommendations for Wabash National (NYSE:WNC)

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