NEW YORK, March 15, 2017 /PRNewswire/ --
Pre-market today, Stock-Callers.com covers the Trucks and Other Vehicles industry with focus on PACCAR Inc. (NASDAQ: PCAR), Wabash National Corp. (NYSE: WNC), Oshkosh Corp. (NYSE: OSK), and Navistar International Corp. (NYSE: NAV). According to research company IBISWorld, US trucking sales are expected to surge 2.4% to $186.60 billion this year, followed by annualized 2.1% growth to $202 billion in 2021. Additionally, truckers' share of domestic freight tonnage will perk up to nearly 71% by 2024. Register now and get full and free access to our downloadable research reports on these stocks at:
On Tuesday, shares in Bellevue, Washington headquartered PACCAR Inc. recorded a trading volume of 1.16 million shares. The stock ended at $67.35, declining 0.77% from the last trading session. The Company's shares have gained 0.76% over the previous three months and 5.77% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.21% and 13.06%, respectively. Furthermore, shares of PACCAR, which together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks worldwide, have a Relative Strength Index (RSI) of 48.28.
On January 31st, 2017, PACCAR announced that it achieved Q4 2016 net sales and financial service revenues of $4.07 billion compared to $4.36 billion in Q4 2015. PACCAR earned $288.8 million, or $.82 per diluted share, for Q4 2016 compared to $347.2 million, or $.98 per diluted share, in Q4 2015. Access our complete research report on PCAR for free at:
Lafayette, Indiana headquartered Wabash National Corp.'s stock finished yesterday's session 0.68% lower at $20.55 with a total trading volume of 777,848 shares. The Company's shares have surged 31.98% over the previous three months and 30.39% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.21% and 37.54%, respectively. Furthermore, shares of Wabash National, which operates as a diversified industrial manufacturer and North America's producer of semi-trailers and liquid transportation systems, have an RSI of 51.29.
On February 27th, 2017, Wabash announced that it has completed an amendment to reprice its senior secured Term Loan Credit Agreement which at current interest rates would be expected to reduce annual cash interest costs by approximately $1.3 million. As a result of this amendment, which became effective on February 24th, 2017, the Company's credit agreement will be priced at LIBOR plus 275 basis points and no longer subject to a LIBOR floor. The Company has approximately $189.5 million outstanding on the term loan which matures in 2022. The complimentary research report on WNC can be downloaded at:
At the close of trading on Tuesday, shares in Wisconsin-based Oshkosh Corp. rose 0.13%, ending the day at $68.62. The stock recorded a trading volume of 721,491 shares. The Company's shares have advanced 1.37% in the last one month and 6.54% since the start of this year. The stock is trading 0.22% above its 50-day moving average and 17.63% above its 200-day moving average. Moreover, shares of Oshkosh, which designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide, have an RSI of 49.95.
On March 13th, 2017, Oshkosh announced that it has been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical businesses, as a 2017 World's Most Ethical Company®. This is the second consecutive year that Oshkosh Corporation has been listed as a World's Most Ethical Company and this milestone is further highlighted as Oshkosh celebrates its 100 Year Anniversary in 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on OSK at:
Lisle, Illinois headquartered Navistar International Corp.'s shares ended the day 2.04% lower at $25.92. A total volume of 828,898 shares was traded, which was above their three months average volume of 664,680 shares. The stock is trading 19.76% above its 200-day moving average. Additionally, shares of Navistar International, which manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide, have an RSI of 42.97.
On March 08th, 2017, research firm Stifel upgraded the Company's stock rating from 'Sell' to 'Hold', with a target price of $24 per share.
On March 09th, 2017, Navistar announced that the US Army Contracting Command recently awarded Navistar Defense, LLC, two foreign military contracts valued at more than $475 million. The first is to produce and support 40 MaxxPro® Dash DXM™ Mine Resistant Ambush Protected (MRAP) vehicles for Pakistan. The second is to reset, upgrade, and support 1,085 long wheel base MaxxPro® MRAP Excess Defense Article vehicles for the United Arab Emirates. Download your free research report on NAV at:
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