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.
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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