Wabash National Corp. (NYSE: WNC) was downgraded by FBR & Co. from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, StockRatingsNetwork reports.
Shares of Wabash National Corp. (NYSE: WNC) opened at 11.30 on Wednesday. Wabash National Corp. has a 52 week low of $5.74 and a 52 week high of $11.47. The stock’s 50-day moving average is currently $10.10. The company has a market cap of $773.8 million and a P/E ratio of 7.34.
Wabash National Corp. (NYSE: WNC) last released its earnings data on Tuesday, April 30th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $324.20 million for the quarter, compared to the consensus estimate of $334.80 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts predict that Wabash National Corp. will post $0.79 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets downgraded shares of Wabash National Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $10.00 price target on the stock, down previously from $15.00. Separately, analysts at Buckingham Research initiated coverage on shares of Wabash National Corp. in a research note to investors on Friday, July 12th. They set a “buy” rating on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Wabash National Corp. in a research note to investors on Wednesday, April 24th. They set an “accumulate” rating on the stock.
Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $11.33.
Wabash National Corporation (NYSE: WNC) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment.
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