Wabash National Corporation (NYSE:WNC) Stock Has Average Target Price of $23.33

Key Points

• Analysts rate Wabash National a “Moderate Buy”, with a consensus 12-month price target of $23.33. The five ratings include two buys, one strong buy, one hold and one sell.
• In its latest quarter, Wabash reported a $0.63 per-share loss, missing the $0.46 loss analysts expected, while revenue of $476.41 million topped estimates and rose 24.8% year over year.
• The company declared a quarterly dividend of $0.08 per share, equivalent to an annualized $0.32 and a reported yield of 2.8%.

Wabash National Corporation (NYSE:WNC - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.33.

Several equities analysts have recently issued reports on the stock. Citigroup reissued a "market outperform" rating on shares of Wabash National in a report on Tuesday, October 20th. Weiss Ratings raised shares of Wabash National from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, November 2nd. National Bank Financial set a $25.00 price objective on shares of Wabash National in a research report on Tuesday, October 20th. Wall Street Zen raised shares of Wabash National from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 1st. Finally, DA Davidson raised Wabash National from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 2nd.

Wabash National Stock Performance

Shares of WNC stock opened at $11.54 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.38 and a debt-to-equity ratio of 1.99. The business has a 50 day moving average of $12.59 and a two-hundred day moving average of $10.95. Wabash National has a 52 week low of $6.63 and a 52 week high of $14.55. The company has a market cap of $469.98 million, a P/E ratio of -3.38 and a beta of 1.51.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of ($0.46) by ($0.17). The company had revenue of $476.41 million for the quarter, compared to analyst estimates of $453.74 million. Wabash National had a negative return on equity of 42.42% and a negative net margin of 9.13%. The firm's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.51) earnings per share. As a group, analysts anticipate that Wabash National will post -2.96 EPS for the current year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Thursday, October 8th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, October 8th. Wabash National's payout ratio is currently -9.38%.

Institutional Trading of Wabash National

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Wabash National in the 2nd quarter valued at approximately $47,125,000. Dimensional Fund Advisors LP grew its position in Wabash National by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,657,953 shares of the company's stock worth $14,291,000 after acquiring an additional 247,345 shares in the last quarter. First Eagle Investment Management LLC grew its position in Wabash National by 185.2% in the third quarter. First Eagle Investment Management LLC now owns 801,112 shares of the company's stock worth $9,878,000 after acquiring an additional 520,262 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Wabash National during the 2nd quarter worth $9,812,434. Finally, Royce & Associates LP increased its stake in shares of Wabash National by 41.0% during the 3rd quarter. Royce & Associates LP now owns 597,568 shares of the company's stock worth $7,368,000 after purchasing an additional 173,884 shares during the last quarter. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Company Profile

Wabash National Corporation designs and manufactures equipment and solutions for the transportation, logistics and distribution industries. Its products include dry and refrigerated van trailers, platform trailers, tank trailers, truck bodies and equipment for final-mile delivery. The company also supplies parts, components and services for commercial vehicles and offers products used in applications such as cold-chain transportation and warehouse operations. Wabash serves customers primarily in North America.

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