Wabash National (NYSE:WNC) Earns “Neutral” Rating from DA Davidson

Wabash National (NYSE:WNC)‘s stock had its “neutral” rating reissued by stock analysts at DA Davidson in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $9.00 price objective on the stock. DA Davidson’s price target points to a potential upside of 0.50% from the company’s current price.

Other equities analysts have also issued research reports about the stock. National Bankshares set a $9.00 price target on shares of Wabash National in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Wabash National in a research report on Monday, December 15th. Wall Street Zen raised Wabash National from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Zacks Research downgraded Wabash National from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $9.00.

Wabash National Stock Performance

Shares of WNC opened at $8.96 on Friday. The company has a market capitalization of $362.86 million, a price-to-earnings ratio of 1.47 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.86 and a current ratio of 1.35. Wabash National has a 1 year low of $6.78 and a 1 year high of $17.69. The company’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $9.83.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Wednesday, December 1st. The company reported $0.22 earnings per share for the quarter. Wabash National had a negative return on equity of 15.21% and a net margin of 15.89%.The company had revenue of $482.57 million for the quarter. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. On average, sell-side analysts predict that Wabash National will post 0.94 EPS for the current year.

Institutional Investors Weigh In On Wabash National

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in shares of Wabash National by 55.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,710 shares of the company’s stock valued at $39,000 after buying an additional 1,331 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Wabash National in the 3rd quarter worth approximately $73,000. BNP Paribas Financial Markets grew its position in Wabash National by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 8,085 shares of the company’s stock valued at $80,000 after acquiring an additional 4,129 shares in the last quarter. Inceptionr LLC purchased a new stake in shares of Wabash National during the third quarter valued at approximately $102,000. Finally, Corton Capital Inc. acquired a new position in shares of Wabash National during the second quarter worth $111,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

About Wabash National

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.