Wabash National Co. (WNC) Receives $25.00 Average Price Target from Analysts
Wabash National Co. (NYSE:WNC) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.00.
A number of research analysts recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 target price on shares of Wabash National in a research report on Thursday, July 19th. Zacks Investment Research downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. ValuEngine raised shares of Wabash National from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Stifel Nicolaus dropped their target price on shares of Wabash National from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Thursday, August 2nd. Finally, Piper Jaffray Companies set a $22.00 price objective on shares of Wabash National and gave the stock a “hold” rating in a research report on Wednesday, August 1st.
A number of institutional investors have recently modified their holdings of WNC. Envestnet Asset Management Inc. grew its position in Wabash National by 135.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,097 shares of the company’s stock worth $169,000 after purchasing an additional 4,662 shares during the last quarter. NumerixS Investment Technologies Inc lifted its stake in shares of Wabash National by 36.4% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,500 shares of the company’s stock worth $194,000 after acquiring an additional 2,800 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Wabash National in the 1st quarter worth $201,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Wabash National in the 1st quarter worth $203,000. Finally, Ronna Sue Cohen acquired a new stake in shares of Wabash National in the 2nd quarter worth $203,000.
Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, July 31st. The company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.08). The company had revenue of $612.69 million during the quarter, compared to analysts’ expectations of $611.30 million. Wabash National had a net margin of 5.86% and a return on equity of 17.85%. sell-side analysts forecast that Wabash National will post 1.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 3rd. Wabash National’s payout ratio is currently 21.74%.
Wabash National Company Profile
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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