Wabash National - WNC Stock Forecast, Price & News

Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products. This segment also offers stainless steel and aluminum tank trailers for the dairy, food and beverage, oil, gas, and chemical end markets; dry bulk trailers; and fiberglass reinforced poly tank trailers. The Parts & Services segment provides aftermarket parts and services; aluminum and steel flatbed bodies, shelving for package delivery, partitions, roof racks, hitches, liftgates, and thermal solutions; and door repair and replacement, collision repair, and basic maintenance services. This segment also offers stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and composite products, including truck bodies, overhead doors, and other industrial application products. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, as well as EcoNex brand. It distributes its products directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. The company was founded in 1985 and is headquartered in Lafayette, Indiana.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stephens lifted their price target on shares of Wabash National from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 28th. StockNews.com raised Wabash National from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $22.00.

Wabash National Stock Performance

Shares of NYSE:WNC traded up $0.24 on Friday, reaching $18.65. 266,445 shares of the company's stock were exchanged, compared to its average volume of 345,018. Wabash National has a fifty-two week low of $12.23 and a fifty-two week high of $21.63. The business's 50-day moving average is $15.45 and its two-hundred day moving average is $15.51. The company has a quick ratio of 0.93, a current ratio of 1.63 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $905.46 million, a price-to-earnings ratio of 45.49 and a beta of 1.60.

Wabash National (NYSE:WNC - Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $642.80 million for the quarter, compared to the consensus estimate of $619.30 million. Wabash National had a net margin of 0.94% and a return on equity of 14.17%. The firm's revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. As a group, equities research analysts forecast that Wabash National will post 1.89 EPS for the current year.

Insider Buying and Selling at Wabash National

In other news, CEO Brent L. Yeagy sold 7,986 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $17.83, for a total value of $142,390.38. Following the completion of the transaction, the chief executive officer now owns 451,093 shares of the company's stock, valued at $8,042,988.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Wabash National news, CEO Brent L. Yeagy sold 7,986 shares of Wabash National stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $17.83, for a total value of $142,390.38. Following the transaction, the chief executive officer now owns 451,093 shares in the company, valued at $8,042,988.19. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brent L. Yeagy sold 39,930 shares of Wabash National stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $17.00, for a total value of $678,810.00. Following the completion of the transaction, the chief executive officer now owns 459,079 shares in the company, valued at $7,804,343. The disclosure for this sale can be found here. 1.64% of the stock is currently owned by company insiders.