In a report released today, Felix Boeschen from Raymond James maintained a Buy rating on Wabash National (WNC – Research Report), with a price target of $20.00. The company’s shares closed last Thursday at $16.95.
According to TipRanks.com, Boeschen is a 3-star analyst with an average return of 4.1% and a 52.3% success rate. Boeschen covers the Industrial Goods sector, focusing on stocks such as Knight Transportation, Federal Signal, and Shyft Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wabash National with a $19.50 average price target.
Based on Wabash National’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $547 million and net profit of $12.07 million. In comparison, last year the company earned revenue of $392 million and had a net profit of $3.22 million.
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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. It operates through the following segments: Commercial Trailer Products, Diversified Products and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the Company or through independent dealers. The Diversified Products segment comprises of four strategic business units including, Tank Trailer, Aviation & Truck Equipment, Process Systems and Composites. The Final Mile Products segment focuses on the supreme operations and certain other truck body operations. The firm was founded by Donald Jerry Ehrlich in 1985 and is headquartered in Lafayette, IN.
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