Wabash National (NYSE:WNC) Raised to Sell at Wall Street Zen

Wabash National (NYSE:WNC) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. DA Davidson reiterated a “buy” rating and set a $20.00 price objective on shares of Wabash National in a research note on Wednesday, July 22nd. Weiss Ratings downgraded Wabash National from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Finally, Citizens Jmp started coverage on Wabash National in a report on Wednesday, July 15th. They set an “outperform” rating and a $25.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Wabash National presently has an average rating of “Hold” and a consensus price target of $18.00.

Wabash National Trading Up 0.0%

Shares of Wabash National stock opened at $12.56 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.31 and a quick ratio of 0.80. The firm has a fifty day moving average price of $11.31 and a 200 day moving average price of $10.02. Wabash National has a 1 year low of $6.63 and a 1 year high of $14.32. The stock has a market cap of $511.74 million, a PE ratio of -6.51 and a beta of 1.44.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.03. Wabash National had a negative net margin of 5.48% and a negative return on equity of 36.59%. The company had revenue of $417.24 million for the quarter, compared to analyst estimates of $402.85 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. Equities research analysts predict that Wabash National will post -2.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WNC. JPMorgan Chase & Co. grew its holdings in Wabash National by 210.2% in the third quarter. JPMorgan Chase & Co. now owns 122,311 shares of the company’s stock valued at $1,207,000 after purchasing an additional 82,879 shares during the period. Polaris Capital Management LLC increased its position in shares of Wabash National by 88.2% in the fourth quarter. Polaris Capital Management LLC now owns 144,670 shares of the company’s stock valued at $1,251,000 after buying an additional 67,800 shares in the last quarter. Womack Financial LLC raised its stake in shares of Wabash National by 45.9% during the 4th quarter. Womack Financial LLC now owns 195,741 shares of the company’s stock worth $1,693,000 after buying an additional 61,561 shares during the period. Islay Capital Management LLC acquired a new position in shares of Wabash National during the 4th quarter worth approximately $851,000. Finally, Pullen Investment Management LLC acquired a new position in shares of Wabash National during the 1st quarter worth approximately $1,846,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

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.