Wabash National Corporation (WNC) : 6 analysts are covering Wabash National Corporation (WNC) and their average rating on the stock is 2.33, 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 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold 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.
Also, 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): After opening at $13.23, the stock dipped to an intraday low of $13.16 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.57 and the buying power remained strong till the end. The stock closed at $13.54 for the day, a gain of 2.11% for the day session. The total traded volume was 764,486. The stocks close on the previous trading day was $13.26.
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.