Wabash National Corporation (NYSE:WNC) registered a 14.45% increase, still its new closing price is 93.11% up from the company’s 1 year high of 18.30.It posted 14.32% gains in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 8 stock analysts following this company have an average price target at $15.19, with individual PT in the $11.00-$21.00 range. The shares moved at $20.20, implying that brokerage firms see shares gaining about 89.50% in twelve months time.
Wabash National Corporation (WNC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 28.17% rise year to date. A SVP, Group President, DPG at Wabash National Corporation (WNC) offloaded shares in a transaction closed on Thursday December 15, 2016. Weber Mark Jason sold 16,400 shares in the company at $15.61 each and collected $256,000 in proceeds. Weber Mark Jason now owns 130,164 shares in the company after this transaction. A President & CEO in the company, GIROMINI RICHARD J, disclosed a transaction on Wednesday December 14, 2016 that ended up generating $1,395,000 from the sale of 90,000 shares at $15.5 per share.
Wabash National Corporation (NYSE:WNC) Upcoming Results on Tap
Wabash National Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.32 in that period. Sales during the quarter are predicted to arrive at $407.94 million.
Earnings surprise history: Last quarter, the company posted approximately $462.06 million in revenue and EPS of $0.38. The mean forecast was for $451.24 million and $0.39 a share, respectively. One quarter earlier, revenue for the stock was at $464.27 million, with earnings at $0.50/share.
Wabash National Corporation (WNC) Brokerage Update
Wabash National Corporation (WNC) is in Stifel’s research list so their analyst rating change is noteworthy. These shares were upgraded to Hold from Sell by Stifel, according to news reported on Thursday January 26, 2017.Another important research note was issued by Stifel on Tuesday June 14, 2016.The firm downgraded WNC to Sell from Hold. Over the last six months and over the last three months, the shares of Wabash National Corporation (WNC), have changed 47.68% and 80.24%, respectively.
