Wabash National (NYSE:WNC) Stock Passes Above 200 Day Moving Average – What’s Next?

Wabash National Corporation (NYSE:WNC) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.19 and traded as high as $12.80. Wabash National shares last traded at $12.80, with a volume of 917,933 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on the company. National Bank Financial set a $20.00 target price on Wabash National in a report on Wednesday, August 12th. DA Davidson reissued a “buy” rating and set a $20.00 target price on shares of Wabash National in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wabash National in a research report on Wednesday, August 12th. Citizens Jmp began coverage on Wabash National in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $25.00 price objective on the stock. Finally, Wall Street Zen raised Wabash National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.67.

Wabash National Trading Up 2.9%

The firm’s 50-day moving average is $12.42 and its 200-day moving average is $10.21. The company has a current ratio of 1.31, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. The firm has a market cap of $504.93 million, a price-to-earnings ratio of -6.42 and a beta of 1.44.

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

Institutional Trading of Wabash National

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co bought a new position in shares of Wabash National in the fourth quarter valued at approximately $37,000. Allworth Financial LP bought a new position in Wabash National during the 2nd quarter valued at $45,000. Quadrant Capital Group LLC boosted its holdings in Wabash National by 515.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock worth $47,000 after acquiring an additional 4,530 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Wabash National in the 2nd quarter worth $52,000. Finally, CWM LLC lifted its position in shares of Wabash National by 82.6% during the fourth quarter. CWM LLC now owns 6,099 shares of the company’s stock valued at $53,000 after purchasing an additional 2,758 shares in the last quarter. 97.05% of the stock is owned by institutional investors.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.