Wabash National (NYSE:WNC) Is Now Covered By Loop Capital. What can We Expect?

October 2, 2018 - By Adrian Erickson

Wabash National Corporation (NYSE:WNC) Logo

Investors sentiment increased to 0.99 in 2018 Q2. Its up 0.20, from 0.79 in 2018Q1. It improved, as 17 investors sold Wabash National Corporation shares while 73 reduced holdings. 30 funds opened positions while 59 raised stakes. 64.98 million shares or 3.26% more from 62.92 million shares in 2018Q1 were reported.

Loomis Sayles & Co L P owns 1,698 shares. Smith Moore And holds 0.09% or 19,633 shares in its portfolio. 117,200 were reported by Salem Counselors Incorporated. Walleye Trading Ltd stated it has 0% of its portfolio in Wabash National Corporation (NYSE:WNC). Virginia Retirement Et Al has 37,900 shares for 0.01% of their portfolio. First Tru Advsr Limited Partnership holds 365,641 shares or 0.01% of its portfolio. New York State Common Retirement Fund stated it has 137,009 shares. Park West Asset Mgmt Limited Liability accumulated 1.63% or 2.35 million shares. Dupont Cap Mngmt Corp accumulated 0.01% or 26,088 shares. Oberweis Asset Management accumulated 38,700 shares or 0.18% of the stock. Dimensional Fund Ltd Partnership owns 4.74M shares for 0.04% of their portfolio. Robeco Institutional Asset Mngmt Bv invested in 0.02% or 185,727 shares. 66,035 were reported by Public Employees Retirement Sys Of Ohio. Barclays Public Ltd Liability Corporation invested 0% of its portfolio in Wabash National Corporation (NYSE:WNC). Laurion Mgmt L P invested 0% in Wabash National Corporation (NYSE:WNC).

Why Has Loop Capital Given Wabash National (NYSE:WNC) a $27 Price Target

The financial firm Loop Capital has today started coverage on Wabash National (NYSE:WNC) shares, with a Buy rating, while setting the TP at $27.

Wabash National Corporation (NYSE:WNC) Ratings Coverage

Among 3 analysts covering Wabash National Corp (NYSE:WNC), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Wabash National Corp has $2500 highest and $22 lowest target. $23.67’s average target is 30.95% above currents $18.075 stock price. Wabash National Corp had 3 analyst reports since April 19, 2018 according to SRatingsIntel. Stephens maintained the shares of WNC in report on Thursday, April 19 with “Hold” rating. Stifel Nicolaus maintained Wabash National Corporation (NYSE:WNC) rating on Thursday, August 2. Stifel Nicolaus has “Hold” rating and $22 target.

The stock increased 1.03% or $0.185 during the last trading session, reaching $18.075. About 271,115 shares traded. Wabash National Corporation (NYSE:WNC) has declined 10.49% since October 2, 2017 and is downtrending. It has underperformed by 26.11% the S&P500.

Analysts await Wabash National Corporation (NYSE:WNC) to report earnings on October, 30. They expect $0.53 earnings per share, up 55.88 % or $0.19 from last year’s $0.34 per share. WNC’s profit will be $30.32 million for 8.53 P/E if the $0.53 EPS becomes a reality. After $0.49 actual earnings per share reported by Wabash National Corporation for the previous quarter, Wall Street now forecasts 8.16 % EPS growth.

Wabash National Corporation operates as a diversified industrial maker and North AmericaÂ’s producer of semi-trailers and liquid transportation systems. The company has market cap of $1.03 billion. The Company’s Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; specialty trailers, such as converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; used trailers; and laminated hard wood oak flooring products. It has a 9.05 P/E ratio. The companyÂ’s Diversified Products segment offers transportation products, including stainless steel and aluminum liquid and dry bulk tank trailers, and other liquid transport solutions for the dairy, food and beverage, chemical, environmental, petroleum, and refined fuel industries; aircraft refuelers and hydrant dispensers for in-to-plane fueling companies, airlines, freight distribution companies, and fuel marketers; military grade refueling and water tankers; truck mounted tanks for fuel delivery; and vacuum tankers.

Another recent and important Wabash National Corporation (NYSE:WNC) news was published by Globenewswire.com which published an article titled: “Wabash National Corporation Recognizes Outstanding Suppliers at 2018 Conference” on September 13, 2018.

Wabash National Corporation (NYSE:WNC) Institutional Positions Chart

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