Wabash National (WNC) Rating Increased to Sell at ValuEngine

Wabash National (NYSE:WNC) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Other analysts have also issued research reports about the company. Craig Hallum set a $18.00 price objective on Wabash National and gave the company a “buy” rating in a research note on Monday, October 15th. They noted that the move was a valuation call. Loop Capital started coverage on Wabash National in a research note on Monday, October 1st. They set a “buy” rating and a $27.00 price objective for the company. Stifel Nicolaus dropped their price objective on Wabash National from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. Piper Jaffray Companies set a $22.00 price objective on Wabash National and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.75.

NYSE:WNC opened at $15.10 on Thursday. The company has a market cap of $750.59 million, a PE ratio of 10.94, a P/E/G ratio of 0.32 and a beta of 1.79. Wabash National has a fifty-two week low of $12.40 and a fifty-two week high of $26.54. The company has a quick ratio of 1.20, a current ratio of 1.96 and a debt-to-equity ratio of 1.01.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $553.07 million during the quarter, compared to analyst estimates of $552.11 million. Wabash National had a return on equity of 17.85% and a net margin of 5.86%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Sell-side analysts anticipate that Wabash National will post 1.5 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Wabash National by 7.3% in the second quarter. BlackRock Inc. now owns 8,113,463 shares of the company’s stock worth $151,396,000 after acquiring an additional 548,706 shares during the period. Rothschild Asset Management Inc. lifted its stake in Wabash National by 0.3% in the second 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 lifted its stake in Wabash National by 2.7% in the third 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 lifted its stake in Wabash National by 7.6% in the second 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. lifted its stake in Wabash National by 14.2% in the second 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.

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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Analyst Recommendations for Wabash National (NYSE:WNC)

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