Alert: Negative Fundamental Signals (7/12/24)-Wabash National Corp (NYSE: WNC)

out_logo_500#19069.jpg

Recent extremely meaningful negative changes in fundamentals have impacted Wabash National Corp (NYSE: WNC): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

out_mm#19069.jpg

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, WNC is expected to continue to be a Value Builder.

Wabash National has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Wabash National has a good Appreciation Score of 82 but a slightly negative Power Rating of 35, with the High Neutral Value Trend Rating the result.

Recent Price Action

Wabash National Corp (NYSE: WNC) stock increased 1.0% on 7/12/24. The shares closed at $21.99. However, trading volume in this advance was below average at 67% of normal. The stock has been weak relative to the market over the last nine months but has risen 0.7% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*