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

Key Points

• Analyst consensus is “Hold” for Wabash National, with three buys, one hold and one sell among five analysts. The average 12-month price target is $21.67, compared with the stock’s opening price of $12.30.
• Wabash reported a quarterly loss of $0.53 per share, slightly better than the $0.56 consensus estimate, while revenue of $417.24 million exceeded expectations but fell 9.1% year over year. Analysts expect a full-year loss of $2.41 per share.
• The company declared a quarterly dividend of $0.08 per share, equivalent to $0.32 annually and a 2.6% yield. Institutional investors and hedge funds own approximately 97.05% of the outstanding shares.

Shares of Wabash National Corporation (NYSE:WNC - Get Free Report) have been assigned an average rating of "Hold" from the five brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.67.

Several equities analysts recently weighed in on the stock. Citigroup reissued a "market outperform" rating on shares of Wabash National in a research note on Tuesday. National Bank Financial set a $20.00 target price on shares of Wabash National in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Wabash National in a research report on Wednesday, August 12th. DA Davidson reaffirmed a "buy" rating and set a $20.00 price target on shares of Wabash National in a research report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded shares of Wabash National from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 1st.

Wabash National Stock Performance

Shares of NYSE WNC opened at $12.30 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.80 and a current ratio of 1.31. The stock has a 50 day moving average price of $12.80 and a 200 day moving average price of $11.11. The stock has a market capitalization of $501.06 million, a PE ratio of -6.37 and a beta of 1.48. Wabash National has a 52 week low of $6.63 and a 52 week high of $14.55.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.53) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.03. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%. The firm had revenue of $417.24 million for the quarter, compared to analyst estimates of $402.85 million. During the same quarter in the previous year, the firm earned ($0.15) EPS. The business's quarterly revenue was down 9.1% on a year-over-year basis. Analysts predict that Wabash National will post -2.41 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 8th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, October 8th. Wabash National's dividend payout ratio (DPR) is -16.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WNC. Counterpoint Mutual Funds LLC bought a new stake in Wabash National in the third quarter valued at approximately $278,000. Fortitude Family Office LLC lifted its position in shares of Wabash National by 2,359.3% in the third quarter. Fortitude Family Office LLC now owns 3,320 shares of the company's stock valued at $41,000 after buying an additional 3,185 shares during the last quarter. Womack Financial LLC lifted its position in shares of Wabash National by 0.4% in the third quarter. Womack Financial LLC now owns 250,662 shares of the company's stock valued at $3,091,000 after buying an additional 1,105 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Wabash National by 542.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,254 shares of the company's stock worth $28,000 after acquiring an additional 1,903 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Wabash National by 36.9% during the 2nd quarter. Squarepoint Ops LLC now owns 20,647 shares of the company's stock worth $279,000 after acquiring an additional 5,569 shares during the period. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Company Profile

Wabash National Corporation NYSE: WNC is a North American manufacturer of transportation equipment and related products. The company designs and produces equipment used to move freight across highways, including dry van trailers, refrigerated trailers, platform trailers, tank trailers and truck-mounted tanks.

Wabash National also manufactures composite panels, flooring systems and other structural components used in trailers and truck bodies. Its products incorporate technologies such as the DuraPlate composite system, which is designed to provide durable, lightweight trailer construction.

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