Wabash National Corporation (WNC) : Analyst Rating Update

Wabash National Corporation (WNC) : 3 brokerage houses believe that Wabash National Corporation (WNC) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Wabash National Corporation (WNC). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.43.

Wabash National Corporation (WNC) : The most positive equity analysts on Wabash National Corporation (WNC) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $14.33 with an expected fluctuation of $4.08 from the mean.

Wabash National Corporation (NYSE:WNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.32 and $12.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.65, notching a gain of 2.26% for the day. The total traded volume was 862,707 . The stock had closed at $12.37 on the previous day.

Also, In the latest statement by the brokerage house, Stifel Nicolaus downgrades its outlook on Wabash National Corporation (NYSE:WNC). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on June 14, 2016. The company shares have rallied 2.40% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $14.97 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.51 and the 200 Day Moving Average price is recorded at $12.54.

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.

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