Wabash National Corp (WNC) Gets a Hold Rating from Mizuho Securities

By Jason Carr

Mizuho Securities analyst Kristine Kubacki maintained a Hold rating on Wabash National Corp (WNCResearch Report) today and set a price target of $16. The company’s shares opened today at $15.03.

Kubacki noted:

“We had a chance to attend WNC’s investor day in New York this week. After completing a transformational acquisition in 2017 (Supreme Industries) the company updated its 3-year financial targets and the strategy to get there. The level of demand in the trucking equipment space challenged WNC from a cost perspective in 2019 and WNC maintained the company will work through the issues in the near-term. The company is preparing for a moderation in the core dry van business over the next couple of years (albeit from a torrid pace in 2018). We believe investors expect a slowdown in this market and whether that happens in 2020 or 2021 we believe it’s reflected in the stock at this point. Unlike down-cycles past, WNC has a solid balance position and is generating robust cash flow. We are also impressed at how much the end-market exposure has changed over the last 7 years.”

According to TipRanks.com, Kubacki is a 3-star analyst with an average return of 6.4% and a 53.8% success rate. Kubacki covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Trinity Industries, and Westinghouse Air.

Currently, the analyst consensus on Wabash National Corp is a Moderate Buy with an average price target of $24.

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Wabash National Corp’s market cap is currently $818.2M and has a P/E ratio of 12.59. The company has a Price to Book ratio of 1.73.

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Wabash National Corp. engages in the design, manufacture, and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company operates through the following business segments: Commercial Trailer Products, Diversified Products, and Final Mile Products.