Wabash National (NYSE:WNC) Downgraded to Strong Sell Rating by Wall Street Zen

Wabash National (NYSE:WNC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently commented on WNC. Weiss Ratings upgraded Wabash National from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Zacks Research upgraded shares of Wabash National from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, DA Davidson reiterated a “neutral” rating and set a $11.00 price target on shares of Wabash National in a research note on Thursday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Wabash National Trading Up 1.1%

Shares of Wabash National stock opened at $11.60 on Friday. The company’s fifty day moving average is $10.21 and its two-hundred day moving average is $9.81. Wabash National has a 1 year low of $6.78 and a 1 year high of $12.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 1.39. The company 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 announced its earnings results on Wednesday, February 4th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.16). The business had revenue of $321.45 million for the quarter, compared to analyst estimates of $318.32 million. Wabash National had a negative return on equity of 22.79% and a net margin of 13.71%.Wabash National’s quarterly revenue was down 22.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.02) EPS. Analysts forecast that Wabash National will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in Wabash National by 0.5% in the fourth quarter. Invesco Ltd. now owns 172,931 shares of the company’s stock valued at $1,496,000 after buying an additional 941 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Wabash National by 55.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,710 shares of the company’s stock valued at $39,000 after purchasing an additional 1,331 shares in the last quarter. Deutsche Bank AG increased its stake in Wabash National by 6.9% in the 4th quarter. Deutsche Bank AG now owns 31,618 shares of the company’s stock valued at $273,000 after purchasing an additional 2,052 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Wabash National by 12.6% during the second quarter. Raymond James Financial Inc. now owns 18,519 shares of the company’s stock worth $197,000 after purchasing an additional 2,078 shares during the last quarter. Finally, Man Group plc boosted its position in Wabash National by 4.4% during the third quarter. Man Group plc now owns 53,556 shares of the company’s stock worth $529,000 after purchasing an additional 2,235 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

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.