Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Wabash National Corp (NYSE: WNC) improved during the last several trading days. WNC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Wabash National Corp (NYSE: WNC) stock closed at $28.61 on 3/18/24 after an increase of 2.0%. NORMAL trading volume accompanied the advance. The stock has risen 2.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WNC is expected to continue to be an important Value Builder.
Wabash National has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Wabash National has a slightly positive Power Rating of 67 and a slightly positive Appreciation Score of 69, leading to the Positive Value Trend Rating.
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