Wabash National (NYSE:WNC) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Wabash National shares rose above their 200-day moving average, trading as high as $12.80 versus the average of $10.19, with nearly 918,000 shares changing hands.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and a $21.67 price target, although some analysts rate it Buy or Outperform while others maintain Sell ratings.
• The company exceeded quarterly revenue and adjusted EPS expectations but remained unprofitable, reporting a $0.53-per-share loss and a 9.1% year-over-year revenue decline; institutional investors own 97.05% of shares.

Wabash National Corporation (NYSE:WNC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.19 and traded as high as $12.80. Wabash National shares last traded at $12.80, with a volume of 917,933 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. National Bank Financial set a $20.00 target price on Wabash National in a research report on Wednesday, August 12th. DA Davidson reissued a "buy" rating and set a $20.00 price target on shares of Wabash National in a research report on Wednesday, July 22nd. Citizens Jmp assumed coverage on Wabash National in a research note on Wednesday, July 15th. They set an "outperform" rating and a $25.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Wabash National in a report on Wednesday, August 12th. Finally, Wall Street Zen upgraded Wabash National from a "strong sell" rating to a "sell" rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $21.67.

Wabash National Trading Up 1.9%

The stock has a market capitalization of $521.47 million, a P/E ratio of -6.63 and a beta of 1.44. The stock's 50 day moving average price is $12.34 and its 200-day moving average price is $10.19. 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 issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, topping 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 net margin of 5.48% and a negative return on equity of 36.59%. Wabash National's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. As a group, equities research analysts expect that Wabash National Corporation will post -2.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WNC. Jefferies Financial Group Inc. purchased a new stake in shares of Wabash National during the 2nd quarter worth $1,038,000. Public Employees Retirement System of Ohio purchased a new position in Wabash National in the second quarter valued at about $998,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Wabash National in the second quarter valued at about $9,812,434,000. Bank of America Corp DE purchased a new position in Wabash National in the second quarter valued at about $4,755,000. Finally, Man Group plc bought a new position in Wabash National in the second quarter worth about $1,927,000. 97.05% of the stock is owned by institutional investors.

Wabash National Company Profile

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.

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