Wabash National Corporation (NYSE:WNC) : 7 analysts are covering Wabash National Corporation (NYSE:WNC) and their average rating on the stock is 2.43, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Wabash National Corporation (NYSE:WNC) : The consensus price target for Wabash National Corporation (NYSE:WNC) is $14.33 for the short term with a standard deviation of $4.08. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $20, however, the pessimist price target for the company is $9.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Stifel Nicolaus, downgrades their rating on the shares of Wabash National Corporation (NYSE:WNC). Stifel Nicolaus has a Sell rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 14, 2016.
Wabash National Corporation (NYSE:WNC): stock turned positive on Tuesday. Though the stock opened at $12.17, the bulls momentum made the stock top out at $12.36 level for the day. The stock recorded a low of $12.1 and closed the trading day at $12.26, in the green by 1.91%. The total traded volume for the day was 1,054,517. The stock had closed at $12.03 in the previous days trading.
In an insider trading activity, Yeagy Brent L, officer (SVP, Group President, CTP) of Wabash National Corp /De, unloaded 22,987 shares at an average price of $13.95 on May 24, 2016. The total amount of the transaction was worth $320,669, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Wabash National Corporation (Wabash) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment. The Company operates in three segments: Commercial Trailer Products, Diversified Products and Retail. The Commercial Trailer Products segment manufactures standard and customized truck trailers. The Diversified Products segment focuses to expand its customer base, diversify its product offerings, end markets and revenues. The Retail segment includes its 15 Company-owned retail branch locations, which are strategically located in metropolitan areas to provide additional opportunities to distribute its products. The Companys commercial trailer product trademarks include Wabash, DuraPlate, DuraPlateHD, DuraPlate XD-35, FreightPro, ArcticLite, RoadRailer, Transcraft, Eagle, Eagle II, D-Eagle and Benson. Its three trailer drag reduction systems include Ventix DRS, AeroFin and AeroSkirt CX.