Wabash National Corporation (NYSE:WNC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded Wabash National Corporation (NYSE:WNC) to Hold in a statement released on 10/04/2016.
Boasting a price of $14.36, Wabash National Corporation (NYSE:WNC) traded -0.84% lower on the day. With the last stock price close up 5.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Wabash National Corporation has recorded a 50-day average of $13.85 and a two hundred day average of $13.53. Volume of trade was down over the average, with 300,755 shares of WNC changing hands under the typical 1,159,270
With a total market value of $0, Wabash National Corporation has PE ratio of 7.46 with a one year low of $9.68 and a one year high of $14.97 .
In addition to Zacks Investment Research reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $13.20 with 3 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Wabash National Corporation (NYSE:WNC)
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company's segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations. The Commercial Trailer Products segment manufactures standard and customized van and platform trailers. The Commercial Trailer Products segment produces and sells new trailers to the Retail segment and to customers who purchase trailers directly from the Company or through independent dealers. The Diversified Products segment focuses to expand its customer base, and diversify its product offerings and revenues. The Retail segment includes the sale of new and used trailers, as well as the sale of after-market parts and service, through its retail branch network. It offers products under the brand names, including Walker Transport, Brenner Tank, DuraPlate and Beall Trailers.
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