Recent Investment Analysts’ Ratings Changes for Wabash National (WNC)

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Wabash National (NYSE: WNC) has recently received a number of price target changes and ratings updates:

  • 10/21/2019 – Wabash National was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/15/2019 – Wabash National was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/10/2019 – Wabash National was given a new $14.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 10/5/2019 – Wabash National was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
  • 10/2/2019 – Wabash National was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/8/2019 – Wabash National had its “strong-buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $16.00 price target on the stock. According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
  • 8/31/2019 – Wabash National was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “

Wabash National stock traded up $0.17 during midday trading on Tuesday, reaching $14.85. 457,638 shares of the company’s stock were exchanged, compared to its average volume of 413,497. Wabash National Co. has a 52 week low of $12.25 and a 52 week high of $16.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.09 and a current ratio of 1.92. The firm has a market cap of $787.44 million, a price-to-earnings ratio of 10.31 and a beta of 2.06. The stock’s 50-day simple moving average is $14.18 and its 200 day simple moving average is $14.67.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.07. Wabash National had a return on equity of 17.36% and a net margin of 2.67%. The business had revenue of $626.05 million during the quarter, compared to analysts’ expectations of $613.36 million. During the same quarter last year, the company posted $0.49 earnings per share. Wabash National’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts forecast that Wabash National Co. will post 1.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, October 2nd. Wabash National’s payout ratio is currently 22.22%.

Several large investors have recently modified their holdings of WNC. Meeder Asset Management Inc. boosted its holdings in shares of Wabash National by 128.2% during the second quarter. Meeder Asset Management Inc. now owns 4,307 shares of the company’s stock worth $70,000 after acquiring an additional 2,420 shares during the period. First Quadrant L P CA bought a new stake in shares of Wabash National during the second quarter worth approximately $82,000. Verition Fund Management LLC bought a new stake in shares of Wabash National during the second quarter worth approximately $167,000. Convergence Investment Partners LLC bought a new stake in shares of Wabash National during the second quarter worth approximately $170,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Wabash National during the third quarter worth approximately $176,000. Institutional investors own 98.61% of the company’s stock.

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.

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