Wabash National (NYSE:WNC) Given New $18.00 Price Target at DA Davidson

Key Points

• DA Davidson lowered Wabash National’s price target to $18 from $20 but maintained a “buy” rating, implying roughly 50% upside from the stock’s previous close. Analysts’ overall consensus rating remains “Hold,” with a $22.67 target.
• Wabash National shares fell 9.4% to $12.02, while the company reported third-quarter revenue of $476.4 million, up 24.8% year over year and above estimates.
• Profitability remained a concern: the company posted a $0.63 per-share loss versus the expected $0.46 loss, alongside negative net margin and return on equity. Institutional investors own approximately 97% of the stock.

Wabash National (NYSE:WNC - Get Free Report) had its price objective reduced by research analysts at DA Davidson from $20.00 to $18.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's price target points to a potential upside of 49.81% from the stock's previous close.

Several other research analysts also recently commented on WNC. National Bank Financial set a $25.00 price objective on Wabash National in a report on Tuesday, October 20th. Wall Street Zen raised Wabash National from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Wabash National in a research note on Wednesday, August 12th. Citizens Jmp initiated coverage on shares of Wabash National in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $25.00 price objective for the company. Finally, Citigroup reiterated a "market outperform" rating on shares of Wabash National in a report on Tuesday, October 20th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $22.67.

Wabash National Trading Down 9.4%

WNC stock traded down $1.25 during trading on Friday, hitting $12.02. The company had a trading volume of 1,218,273 shares, compared to its average volume of 837,617. The firm has a market capitalization of $489.49 million, a P/E ratio of -6.14 and a beta of 1.48. Wabash National has a 52-week low of $6.63 and a 52-week high of $14.55. The company has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $10.88. 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 (NYSE:WNC - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.17). The company had revenue of $476.41 million during the quarter, compared to analysts' expectations of $453.74 million. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. Wabash National's quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned ($0.51) earnings per share. As a group, research analysts forecast that Wabash National will post -2.41 earnings per share for the current fiscal year.

Institutional Trading of Wabash National

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Wabash National during the second quarter worth $47,125,000. Dimensional Fund Advisors LP boosted its position in shares of Wabash National by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company's stock worth $14,291,000 after purchasing an additional 247,345 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Wabash National in the 2nd quarter worth $9,812,434. Bank of New York Mellon Corp acquired a new stake in shares of Wabash National in the 2nd quarter worth $6,151,000. Finally, Empowered Funds LLC grew its stake in Wabash National by 40.1% during the 1st quarter. Empowered Funds LLC now owns 589,884 shares of the company's stock worth $5,085,000 after buying an additional 168,929 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Key Wabash National News

Here are the key news stories impacting Wabash National this week:

• Positive Sentiment: Third-quarter revenue rose 24.8% year over year to $476.4 million, exceeding the analyst consensus of $453.7 million. The top-line performance suggests demand and sales activity remained relatively resilient. Wabash Announces Third Quarter 2026 Results
• Neutral Sentiment: Management discussed the quarterly performance and fourth-quarter outlook during its earnings call and presentation, giving investors additional detail on operating trends and near-term expectations. Wabash National Q3 2026 Earnings Call Transcript
• Negative Sentiment: Wabash reported a $0.63 per-share loss, missing the consensus estimate for a $0.46 loss by $0.17. The loss also widened from $0.51 per share in the year-earlier quarter, reinforcing concerns that higher revenue is not translating into improved earnings. Wabash National Reports Wider Than Expected Q3 2026 Loss
• Negative Sentiment: The company’s negative net margin and negative return on equity highlight continued financial pressure, while its fourth-quarter guidance appears to signal that profitability challenges may persist in the near term. Wabash National Slides to Q3 Loss, Guides Q4

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.

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