Brokerage Firm Rating Update on Wabash National Corporation (WNC)

Wabash National Corporation (WNC) : The consensus on Wabash National Corporation (WNC) based on 6 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Wabash National Corporation (WNC) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $22 and the lowest price target forecast is $11. The average forecast of all the analysts is $14.83 and the expected standard deviation is $4.36.


Company shares have received an average consensus rating of Hold for the current week Also, Stifel Nicolaus downgrades their rating on the shares of Wabash National Corporation (NYSE:WNC). The current rating of the shares is Sell. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on June 14, 2016.

Wabash National Corporation (NYSE:WNC): stock was range-bound between the intraday low of $13.84 and the intraday high of $14.1 after having opened at $14.09 on Wednesdays session. The stock finally closed in the red at $14.09, a loss of -1.35%. The stock remained in the red for the whole trading day. The total traded volume was 774,260 shares. The stock failed to cross $14.1 in Wednesdays trading. The stocks closing price on Thursday was $14.06.

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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