Jefferies Maintains a 'Buy' on Navistar International (NAV); Chopping Estimates & PT on Lowered Expectations
Tweet Send to a FriendGet Alerts NAV Hot Sheet
Price: $31.19 +0.61%
Rating Summary:
5 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
5 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade NAV Now!
Jefferies maintains a 'Buy' on Navistar International (NYSE: NAV) price target slashed from $70 to $45.
Analyst, Stephen Volkmann, said, "NAV will report F2Q EPS the week of June 4. We expect another soft quarter given recent market share weakness and also believe that guidance will be cut by $1.00 or more on a lower share and margin outlook and some continued NCP payments. However, the key question for the stock is the status of the 13L certification and resolution of the question would move the shares higher."
"Our F2Q EPS goes to $0.40 (from $0.95) and our FY12 estimate goes to $4.00 from $5.00 on lower share and margin assumptions. Our out year estimates remain $8.00 in FY13 and $9.25 in FY14."
For an analyst ratings summary and ratings history on Navistar International click here. For more ratings news on Navistar International click here.
Shares of Navistar International closed at $29.23 yesterday, with a 52 week range of $26.14-$66.04.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Stephen Volkmann, said, "NAV will report F2Q EPS the week of June 4. We expect another soft quarter given recent market share weakness and also believe that guidance will be cut by $1.00 or more on a lower share and margin outlook and some continued NCP payments. However, the key question for the stock is the status of the 13L certification and resolution of the question would move the shares higher."
"Our F2Q EPS goes to $0.40 (from $0.95) and our FY12 estimate goes to $4.00 from $5.00 on lower share and margin assumptions. Our out year estimates remain $8.00 in FY13 and $9.25 in FY14."
For an analyst ratings summary and ratings history on Navistar International click here. For more ratings news on Navistar International click here.
Shares of Navistar International closed at $29.23 yesterday, with a 52 week range of $26.14-$66.04.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Oppenheimer Upgrades GameStop (GME) to Outperform
- Oracle (ORCL) Q4 Results Seen In-Line Despite Challenges - Jefferies
- Deutsche Bank Starts IHS Inc. (IHS) at Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
