Stifel Nicolaus Reaffirms Their Hold Rating on Wabash National Corp

By Austin Angelo

In a report released yesterday, Michael Baudendistel from Stifel Nicolaus reiterated a Hold rating on Wabash National Corp (NYSE: WNC), with a price target of $26. The company’s shares closed yesterday at $25.83, close to its 52-week high of $26.54.

According to TipRanks.com, Baudendistel is a 4-star analyst with an average return of 6.9% and a 66.7% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Freightcar America, Trinity Industries, and LB Foster Company.

Currently, the analyst consensus on Wabash National Corp is Hold and the average price target is $25.33, representing a -1.9% downside.

In a report issued on January 25, Stephens also reiterated a Hold rating on the stock with a $25 price target.

Based on Wabash National Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $543 million and quarterly net profit of $49.36 million. In comparison, last year the company earned revenue of $462 million and had a net profit of $23 million.

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Wabash National Corp. is engaged in the manufacturing of semi-trailers and liquid transportation systems. The company operates through the following business segments: Commercial Trailer Products, and Diversified Products.