The analysts wrote, ?The most important takeaway from the call was the new CEO?s comments on NAV?s potential profitability in 1-2 years. Possible improvements include: 1) another step down in SG&A costs on the back of the current benchmarking project; 2) material cost improvements, initially on truck assembly and later on optimization of engine components; 3) a continued improvement in quality which should allow NAV to reduce its warranty accruals; and 4) manufacturing productivity gains when Garland is closed and Mexico and Brazil are optimized. If achieved, the Truck and Engine business in NA could generate an 8%-10% EBIT, for EPS of $5.00-$6.00 (JPMe).? A number of other analysts have also recently weighed in on NAV. Analysts at Sterne Agee cut their price target on shares of Navistar from $50.00 to $45.00 in a research note to investors on Wednesday. They now have a ?buy? rating on the stock. Separately, analysts at Goldman Sachs reiterated a ?neutral? rating on shares of Navistar in a research note to investors on Friday, March 1st. Finally, analysts at Zacks reiterated a ?neutral? rating on shares of Navistar in a research note to investors on Thursday, January 17th. They now have a $25.00 price target on the stock.
Six equities research analysts have rated the stock with a buy rating, one has given an overweight rating, nine have given a hold rating, and three have assigned a sell rating to the company?s stock. Navistar presently has a consensus rating of ?hold? and an average target price of $26.29.
Navistar opened at 35.43 on Friday. Navistar has a 1-year low of $18.17 and a 1-year high of $43.06. The stock?s 50-day moving average is currently $25.88. The company?s market cap is $2.836 billion.
Navistar last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.73) by $0.31. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company posted ($2.08) earnings per share. Navistar?s revenue was down 12.4% compared to the same quarter last year. Analysts expect that Navistar will post $-2.84 EPS for the current fiscal year.
Navistar International Corporation (NIC) is a holding company, whose principal operating subsidiaries are Navistar, Inc.