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

Wabash National (NYSE:WNC)‘s stock had its “neutral” rating restated by stock analysts at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $11.00 price target on the stock. DA Davidson’s target price would indicate a potential downside of 5.20% from the company’s previous close.

A number of other research analysts have also commented on the company. National Bank Financial set a $9.00 price target on Wabash National in a report on Thursday, October 23rd. Wall Street Zen upgraded shares of Wabash National from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Zacks Research raised shares of Wabash National from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings raised shares of Wabash National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Wabash National currently has an average rating of “Hold” and a consensus price target of $10.00.

Wabash National Stock Up 1.1%

Wabash National stock opened at $11.60 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 1.39. Wabash National has a one year low of $6.78 and a one year high of $12.94. The company has a 50-day simple moving average of $10.21 and a 200-day simple moving average of $9.81. The firm has a market capitalization of $469.23 million, a P/E ratio of 2.38 and a beta of 1.67.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, February 4th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.16). The firm had revenue of $321.45 million for the quarter, compared to analyst estimates of $318.32 million. Wabash National had a net margin of 13.71% and a negative return on equity of 22.79%. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. As a group, equities analysts expect that Wabash National will post 0.94 earnings per share for the current year.

Institutional Trading of Wabash National

Several large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new stake in Wabash National in the second quarter worth approximately $32,629,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Wabash National by 2.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,821,212 shares of the company’s stock valued at $17,975,000 after purchasing an additional 36,226 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Wabash National by 17.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,548,493 shares of the company’s stock worth $13,394,000 after purchasing an additional 233,979 shares in the last quarter. Ameriprise Financial Inc. increased its position in Wabash National by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 1,445,635 shares of the company’s stock worth $15,367,000 after buying an additional 59,054 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Wabash National by 1.4% during the third quarter. Royce & Associates LP now owns 1,210,338 shares of the company’s stock valued at $11,946,000 after buying an additional 16,838 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 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.