Credit Agricole SA initiated coverage on shares of Wabash National Corp. (NYSE:WNC) in a research report sent to investors on Friday. The brokerage issued an underperform rating and a $15.00 price objective on the stock.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Wabash National Corp. from a hold rating to a buy rating and set a $15.00 price objective for the company in a research report on Wednesday, August 3rd. Stifel Nicolaus cut shares of Wabash National Corp. from a hold rating to a sell rating and set a $11.00 price objective for the company. in a research report on Monday, June 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $13.67.
Shares of Wabash National Corp. (NYSE:WNC) opened at 14.12 on Friday. The stock has a 50 day moving average of $13.87 and a 200 day moving average of $13.53. The company has a market cap of $902.52 million, a price-to-earnings ratio of 7.39 and a beta of 2.09. Wabash National Corp. has a 12-month low of $9.68 and a 12-month high of $14.97.
Wabash National Corp. (NYSE:WNC) last released its earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.08. Wabash National Corp. had a net margin of 6.43% and a return on equity of 28.98%. The business earned $471.44 million during the quarter, compared to analysts’ expectations of $490.19 million. During the same period last year, the business earned $0.33 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts expect that Wabash National Corp. will post $1.86 earnings per share for the current fiscal year.
In other news, SVP Erin Jennifer Roth sold 7,500 shares of Wabash National Corp. stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $14.50, for a total transaction of $108,750.00. Following the completion of the sale, the senior vice president now owns 87,520 shares of the company’s stock, valued at $1,269,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Wabash National Corp. by 12.1% in the second quarter. Teacher Retirement System of Texas now owns 9,136 shares of the company’s stock worth $116,000 after buying an additional 984 shares in the last quarter. AHL Partners LLP bought a new position in Wabash National Corp. during the second quarter worth approximately $136,000. Suntrust Banks Inc. increased its position in Wabash National Corp. by 5.7% in the second quarter. Suntrust Banks Inc. now owns 11,074 shares of the company’s stock worth $140,000 after buying an additional 602 shares during the period. Meeder Asset Management Inc. increased its position in Wabash National Corp. by 144,050.0% in the second quarter. Meeder Asset Management Inc. now owns 14,415 shares of the company’s stock worth $183,000 after buying an additional 14,405 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Wabash National Corp. by 3.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,587 shares of the company’s stock worth $185,000 after buying an additional 500 shares during the period.
About Wabash National Corp.
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.
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