Barclays Adjusts Estimates on Navistar International (NAV); Q3 Noisy, Turnaround Underway
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Price: $38.25 +5.60%
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade NAV Now!
Barclays maintains an 'Equalweight' on Navistar International (NYSE: NAV) price target of $27.00.
Analyst, Andy Kaplowitz, said, NAV's Q3 release reflects the company's continued transition, but he is encouraged at NAV's management and the focus for action that led to improved results. Kaplowitz admits that it will take several quarters before being able to judge the company's successes and raise his recommendation. So, for the time being, he has maintained FY13 EPS estimate at $1.50. However, for FY12, he lowers EPS estimate from (3.35) to (4.00), citing lower profitability in Q4 from tough international markets and expected declines in N. America.
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 $23.97 yesterday, with a 52 week range of $19.79-$48.18.
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Analyst, Andy Kaplowitz, said, NAV's Q3 release reflects the company's continued transition, but he is encouraged at NAV's management and the focus for action that led to improved results. Kaplowitz admits that it will take several quarters before being able to judge the company's successes and raise his recommendation. So, for the time being, he has maintained FY13 EPS estimate at $1.50. However, for FY12, he lowers EPS estimate from (3.35) to (4.00), citing lower profitability in Q4 from tough international markets and expected declines in N. America.
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 $23.97 yesterday, with a 52 week range of $19.79-$48.18.
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