Wabash National Corporation’s (WNC) Hold Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Wabash National Corporation (NYSE:WNC) in a report published on Tuesday. Stifel Nicolaus currently has a $22.00 price objective on the stock.

WNC has been the topic of a number of other reports. ValuEngine raised Wabash National Corporation from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Zacks Investment Research lowered Wabash National Corporation from a hold rating to a sell rating in a research note on Tuesday, August 1st. Aegis lifted their price objective on Wabash National Corporation from $27.00 to $29.00 and gave the stock a buy rating in a research note on Thursday, August 10th. BidaskClub raised Wabash National Corporation from a sell rating to a hold rating in a research note on Tuesday, June 13th. Finally, Craig Hallum raised Wabash National Corporation from a hold rating to a buy rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $20.57.

Shares of Wabash National Corporation (NYSE WNC) opened at 20.86 on Tuesday. The company has a 50 day moving average of $20.21 and a 200-day moving average of $20.99. Wabash National Corporation has a 12 month low of $10.74 and a 12 month high of $24.16. The firm has a market capitalization of $1.23 billion, a P/E ratio of 13.45 and a beta of 1.78.

Wabash National Corporation (NYSE:WNC) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.05). The company had revenue of $435.90 million during the quarter, compared to analyst estimates of $436.85 million. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. Wabash National Corporation’s revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. Analysts predict that Wabash National Corporation will post $1.46 EPS for the current year.

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Large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Wabash National Corporation during the first quarter worth approximately $108,000. Meeder Asset Management Inc. raised its position in shares of Wabash National Corporation by 390.1% during the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock worth $163,000 after purchasing an additional 5,930 shares during the period. Ronna Sue Cohen acquired a new position in shares of Wabash National Corporation during the second quarter worth approximately $203,000. Hikari Power Ltd acquired a new position in shares of Wabash National Corporation during the second quarter worth approximately $209,000. Finally, US Bancorp DE raised its position in shares of Wabash National Corporation by 246.9% during the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock worth $215,000 after purchasing an additional 6,944 shares during the period.

About Wabash National Corporation

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

Analyst Recommendations for Wabash National Corporation (NYSE:WNC)

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