Wabash National Corporation (WNC) is Downgraded by Stifel to Sell, Price Target at $11

Wabash National Corporation (WNC) was Downgraded by Stifel to ” Sell” and the brokerage firm has set the Price Target at $11. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Jun 14, 2016.

On the company’s financial health, Wabash National Corporation reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.25. The company had revenue of $447.67 million for the quarter, compared to analysts expectations of $431.44 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Wabash National Corporation closed down -0.45 points or -3.10% at $14.07 with 7,51,497 shares getting traded on Friday. Post opening the session at $14.35, the shares hit an intraday low of $13.98 and an intraday high of $14.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 24, 2016, Brent L Yeagy (SVP, Group President, CTP) sold 22,987 shares at $13.95 per share price. According to the SEC, on Aug 10, 2015, Richard J Giromini (President & CEO) sold 45,830 shares at $14.01 per share price. On May 11, 2015, Bruce N Ewald (SVP, Sales) sold 27,000 shares at $14.70 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Wabash National Corporation

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