Wabash National’s (WNC) Neutral Rating Reaffirmed at DA Davidson

Wabash National (NYSE:WNC)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a research note issued on Thursday,Benzinga reports. They currently have a $8.50 price objective on the stock. DA Davidson’s price target indicates a potential upside of 20.23% from the company’s current price.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Wall Street Zen lowered shares of Wabash National from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $8.75.

Wabash National Price Performance

Shares of WNC stock traded up $0.11 during trading hours on Thursday, reaching $7.07. The stock had a trading volume of 305,202 shares, compared to its average volume of 668,810. The stock’s fifty day simple moving average is $8.34 and its 200 day simple moving average is $9.13. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.55. Wabash National has a 12 month low of $6.63 and a 12 month high of $12.94. The firm has a market capitalization of $287.54 million, a PE ratio of -4.42 and a beta of 1.61.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. The firm had revenue of $303.23 million during the quarter, compared to the consensus estimate of $319.03 million. During the same quarter last year, the business posted ($0.58) earnings per share. Wabash National’s revenue was down 20.4% compared to the same quarter last year. On average, equities research analysts predict that Wabash National will post -1.75 EPS for the current year.

Institutional Investors Weigh In On Wabash National

Institutional investors and hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co purchased a new stake in Wabash National in the fourth quarter valued at approximately $37,000. Quadrant Capital Group LLC raised its stake in Wabash National by 515.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,409 shares of the company’s stock valued at $47,000 after purchasing an additional 4,530 shares in the last quarter. CWM LLC raised its stake in Wabash National by 82.6% in 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. Wealth Enhancement Advisory Services LLC purchased a new stake in Wabash National in the third quarter valued at approximately $73,000. Finally, BNP Paribas Financial Markets raised its stake 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 purchasing an additional 4,129 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

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.