Stifel Nicolaus Reiterates $25.00 Price Target for Wabash National (WNC)
Wabash National (NYSE:WNC) has been given a $25.00 target price by research analysts at Stifel Nicolaus in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 8.84% from the stock’s previous close.
A number of other brokerages also recently weighed in on WNC. BMO Capital Markets reaffirmed a “hold” rating on shares of Wabash National in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. OTR Global cut shares of Wabash National to a “positive” rating in a report on Thursday, December 14th. ValuEngine upgraded shares of Wabash National from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Seaport Global Securities restated a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.00.
Wabash National (NYSE:WNC) traded down $0.03 during trading on Friday, reaching $22.97. 492,757 shares of the company were exchanged, compared to its average volume of 1,083,442. The company has a market capitalization of $1,430.81, a P/E ratio of 12.95, a P/E/G ratio of 0.57 and a beta of 1.73. Wabash National has a 1-year low of $18.25 and a 1-year high of $26.54. The company has a current ratio of 2.03, a quick ratio of 1.39 and a debt-to-equity ratio of 1.00.
In other Wabash National news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the transaction, the chief executive officer now owns 803,680 shares of the company’s stock, valued at approximately $20,124,147.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of WNC. Arizona State Retirement System raised its stake in shares of Wabash National by 223.9% during the 4th quarter. Arizona State Retirement System now owns 99,125 shares of the company’s stock worth $2,151,000 after buying an additional 68,525 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in shares of Wabash National by 4.6% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 350,553 shares of the company’s stock worth $7,607,000 after buying an additional 15,264 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Wabash National by 47.7% during the 4th quarter. Pinebridge Investments L.P. now owns 99,061 shares of the company’s stock worth $2,150,000 after buying an additional 31,994 shares in the last quarter. Olstein Capital Management L.P. raised its stake in shares of Wabash National by 32.1% during the 4th quarter. Olstein Capital Management L.P. now owns 123,150 shares of the company’s stock worth $2,672,000 after buying an additional 29,950 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Wabash National by 11.4% during the 4th quarter. First Trust Advisors LP now owns 344,265 shares of the company’s stock worth $7,471,000 after buying an additional 35,166 shares in the last quarter.
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Wabash National Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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