Wabash National Corporation (NYSE:WNC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.43 by 7 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Stifel Nicolaus downgrades its rating on Wabash National Corporation (NYSE:WNC). Analysts at the Stifel Nicolaus have a current rating of Sell on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 14, 2016.
Wabash National Corporation (NYSE:WNC) should head towards $14.5 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $9 per share. The higher price estimate target is at $20 according to the Analysts.
Wabash National Corporation (NYSE:WNC) witnessed a decline in the market cap on Tuesday as its shares dropped 5.4% or 0.72 points. After the session commenced at $12.97, the stock reached the higher end at $13.01 while it hit a low of $12.585. With the volume soaring to 1,576,428 shares, the last trade was called at $12.61. The company has a 52-week high of $14.97. The company has a market cap of $818 million and there are 64,831,340 shares in outstanding. The 52-week low of the share price is $9.68.
Wabash National Corp. has lost 1.33% in the last five trading days and dropped 9.86% in the last 4 weeks. Wabash National Corp. has dropped 3.15% during the last 3-month period . Year-to-Date the stock performance stands at 6.59%.
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.