Wabash National Corporation (NYSE:WNC) Stock Has Consensus Price Target of $21.67

Shares of Wabash National Corporation (NYSE:WNC) have earned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $23.33.

A number of research analysts have issued reports on WNC shares. National Bank Financial set a $25.00 target price on shares of Wabash National in a report on Tuesday, October 20th. Citigroup reissued a “market outperform” rating on shares of Wabash National in a research note on Tuesday, October 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Wabash National in a research note on Wednesday, August 12th. DA Davidson restated a “buy” rating and issued a $20.00 price target on shares of Wabash National in a report on Tuesday, September 22nd. Finally, Wall Street Zen raised Wabash National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st.

Wabash National Trading Up 0.7%

Shares of WNC stock opened at $12.96 on Tuesday. The business’s fifty day moving average price is $12.80 and its 200 day moving average price is $10.81. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 1.75. Wabash National has a 1-year low of $6.63 and a 1-year high of $14.55.

Wabash National (NYSE:WNC) last released its earnings results on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.03. The company had revenue of $417.24 million during the quarter, compared to the consensus estimate of $402.85 million. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%. Wabash National’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) earnings per share. On average, sell-side analysts anticipate that Wabash National will post -2.41 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, October 8th. Wabash National’s payout ratio is presently -16.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Wabash National in the 2nd quarter worth about $47,125,000. Dimensional Fund Advisors LP grew its stake in Wabash National by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company’s stock valued at $14,291,000 after acquiring an additional 247,345 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in Wabash National during the 2nd quarter valued at about $9,812,434. Bank of New York Mellon Corp purchased a new position in Wabash National during the 2nd quarter valued at about $6,151,000. Finally, Empowered Funds LLC increased its holdings in Wabash National by 40.1% during the 1st quarter. Empowered Funds LLC now owns 589,884 shares of the company’s stock valued at $5,085,000 after acquiring an additional 168,929 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

About Wabash National

Wabash National Corporation is a transportation equipment and logistics solutions manufacturer headquartered in Lafayette, Indiana. The company designs and produces equipment used to move freight across North America, serving trucking, transportation, distribution, and logistics customers.

Its product portfolio includes dry and refrigerated van trailers, platform trailers, truck-mounted tanks, and other specialized transportation equipment. Wabash also provides related parts, services, and technologies intended to support trailer maintenance, fleet operations, and supply-chain efficiency.