Wabash National Corp. (NYSE:WNC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Friday, Stock Ratings Network reports. The firm currently has a $10.60 price objective on the stock. Zacks‘ target price would suggest a potential upside of 2.81% from the stock’s previous close.
Wabash National Corp. (NYSE:WNC) traded down 0.58% during mid-day trading on Friday, hitting $10.25. The stock had a trading volume of 151,918 shares. Wabash National Corp. has a 52 week low of $6.19 and a 52 week high of $11.47. The stock’s 50-day moving average is $10.41 and its 200-day moving average is $9.98. The company has a market cap of $702.0 million and a P/E ratio of 6.00.
Wabash National Corp. (NYSE:WNC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $413.10 million for the quarter, compared to the consensus estimate of $413.85 million. During the same quarter last year, the company posted $0.23 earnings per share. Wabash National Corp.’s revenue was up 14.0% compared to the same quarter last year. Analysts expect that Wabash National Corp. will post $0.83 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on WNC. Analysts at Global Hunter Securities raised their price target on shares of Wabash National Corp. from $12.00 to $14.00 in a research note to investors on Friday, August 2nd. Separately, analysts at BB&T Corp. downgraded shares of Wabash National Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, July 18th. They now have a $12.00 price target on the stock. Finally, analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Wabash National Corp. in a research note to investors on Wednesday, July 17th. They now have a $15.00 price target on the stock, up previously from $10.00.
Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Wabash National Corp. has an average rating of “Buy” and an average target price of $12.72.
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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