Wabash National Corporation (NYSE:WNC) Stock Has Consensus Price Target of $21.67 According to Brokerages

Shares of Wabash National Corporation (NYSE:WNC) have received an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.67.

A number of research analysts recently commented on the stock. National Bank Financial set a $20.00 price target on shares of Wabash National in a research note on Wednesday, August 12th. Wall Street Zen raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Citigroup restated a “market outperform” rating on shares of Wabash National in a research report on Tuesday. DA Davidson restated a “buy” rating and set a $20.00 price objective on shares of Wabash National in a research report on Tuesday, September 22nd. Finally, Citizens Jmp started coverage on Wabash National in a report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 price objective for the company.

Wabash National Trading Down 0.5%

WNC stock opened at $12.30 on Tuesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.31 and a quick ratio of 0.80. The company has a fifty day moving average price of $12.80 and a two-hundred day moving average price of $11.11. Wabash National has a one year low of $6.63 and a one year high of $14.55. The stock has a market cap of $501.06 million, a price-to-earnings ratio of -6.37 and a beta of 1.48.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.03. The firm had revenue of $417.24 million for the quarter, compared to the consensus estimate of $402.85 million. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) earnings per share. Equities analysts anticipate that Wabash National will post -2.41 EPS for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.6%. Wabash National’s dividend payout ratio (DPR) is -16.58%.

Institutional Trading of Wabash National

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Wabash National in the 2nd quarter valued at $47,125,000. Dimensional Fund Advisors LP grew its holdings in Wabash National by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after buying an additional 247,345 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in Wabash National in the 2nd quarter valued at $9,812,434. Bank of New York Mellon Corp acquired a new position in Wabash National in the 2nd quarter valued at $6,151,000. Finally, Empowered Funds LLC grew its holdings in Wabash National by 40.1% in the 1st quarter. Empowered Funds LLC now owns 589,884 shares of the company’s stock valued at $5,085,000 after buying an additional 168,929 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a North American manufacturer of transportation equipment and related products. The company designs and produces equipment used to move freight across highways, including dry van trailers, refrigerated trailers, platform trailers, tank trailers and truck-mounted tanks.

Wabash National also manufactures composite panels, flooring systems and other structural components used in trailers and truck bodies. Its products incorporate technologies such as the DuraPlate composite system, which is designed to provide durable, lightweight trailer construction.