Debt Rating Downgrade: Moody’s Investors Service has downgraded Wabash National's corporate family rating from B1 to B2, reflecting expectations of weak credit metrics and a negative outlook due to declining earnings amid a downturn in truck trailer production.
Financial Performance: Wabash reported a significant drop in trailer shipments and revenue, with a 20.1% decline expected to persist into 2026, attributed to reduced demand and uncertainties around US tariffs affecting customer spending.
WNC
$9.78+Infinity%1D
Analyst Views on WNC
Wall Street analysts forecast WNC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WNC is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast WNC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WNC is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
1 Hold
0 Sell
Hold
Current: 9.900
Low
9.00
Averages
9.00
High
9.00
Current: 9.900
Low
9.00
Averages
9.00
High
9.00
DA Davidson
Michael Shlisky
Neutral
maintain
2025-06-23
Reason
DA Davidson
Michael Shlisky
Price Target
2025-06-23
maintain
Neutral
Reason
DA Davidson analyst Michael Shlisky raised the firm's price target on Wabash to $9.50 from $7.50 and keeps a Neutral rating on the shares. The firm notes that the May U.S. trailer-industry data - an important read-through for Wabash - saw orders rising 12% y/y off last year's near-historic lows but remaining very challenged, the analyst tells investors in a research note. The trailer-market outlook continues to deteriorate as fleet profitability remains challenged and as tax, interest-rate, and policy changes are in flux, the firm added.
DA Davidson
Michael Shlisky
Hold
Maintains
$18 → $14
2025-02-24
Reason
DA Davidson
Michael Shlisky
Price Target
$18 → $14
2025-02-24
Maintains
Hold
Reason
DA Davidson lowered the firm's price target on Wabash to $14 from $18 and keeps a Neutral rating on the shares. ACT Research data for January showed that orders were up 51% Y/Y for the month, thanks to very easy comps, but this still ranks in the lower half of the Januarys of the last 15 years, while backlogs were down 39% Y/Y and shipments were down 26% Y/Y, the analyst tells investors in a research note. The firm is hopeful that conditions could turn soon, but there has not been much evidence of this yet, DA Davidson added.
About WNC
Wabash National Corporation provides connected solutions for the transportation, logistics and distribution industries. The Company designs, manufactures, and services a range of products, including dry freight and refrigerated trailers, flatbed trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment. The Company’s Transportation Solutions (TS) segment comprises the design and manufacturing operations for the Company’s transportation-related equipment and products. This includes dry and refrigerated van trailers, platform trailers, tank trailers and truck-mounted tanks, truck-mounted dry and refrigerated truck bodies and EcoNex technology products. Its Parts & Services (P&S) segment is comprised of the Company’s parts and services businesses as well as the upfitting component of truck bodies business. This segment also includes DuraPlate composite panels business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
