NEW YORK, October 10, 2016 /PRNewswire/ --
This morning, Stock-Callers.com shifts its focus back on the Trucks and Other Vehicles industry, a specialty vehicles segment that supplies trucks, buses, and other custom vehicles to industrial and construction companies, governments, and the military. Equities to assess are PACCAR Inc. (NASDAQ: PCAR), Navistar International Corp. (NYSE: NAV), Wabash National Corp. (NYSE: WNC), and Oshkosh Corp. (NYSE: OSK). Download the free research reports on these stocks today:
Shares in Bellevue, Washington headquartered PACCAR Inc. declined 1.22%, finishing Friday's trading session at $59.03 with a total trading volume of 1.56 million shares. The stock has gained 2.70% in the last month, 11.84% over the previous three months, and 26.19% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 1.17% and 9.74%, respectively. Additionally, 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 56.22.
On September 30th, 2016, research firm CLSA initiated an 'Outperform' rating on the Company's stock.
On October 3rd, 2016, PACCAR announced the launch of a new proprietary tandem axle that is the industry's lightest and most efficient axle in its class. The new axle is rated at 40,000 pounds, supporting a gross combination weight of 80,000 pounds. "PACCAR's axle reduces vehicle weight by up to 150 pounds, and provides improved fuel economy," noted Landon Sproull, PACCAR's Vice President. See our free and comprehensive research report on PCAR at:
Lisle, Illinois headquartered Navistar International Corp.'s shares ended the session 4.47% lower at $22.63 with a total trading volume of 1.07 million shares. The stock has surged 18.36% in the past month, 83.98% over the previous three months, and 156.00% on an YTD basis. Shares of the Company are trading 33.57% above their 50-day moving average and 82.46% above their 200-day moving average. Moreover, shares of Navistar International, which manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide, have an RSI of 66.68.
On October 6th, 2016, the subsidiary of Navistar Financial Corp., an affiliate of Navistar International, closed a $300 million, two-year, 144-A securitized dealer floor plan transaction to support International Truck and IC Bus dealer inventory funding. The transaction will replace a $250 million deal from November 2014 that matures in October 2016, after which NFC will have approximately $1.05 billion in total wholesale funding capacity.
On September 16th, 2016, research firm UBS reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $11 a share to $20 a share.NAV free research report PDF is just a click away at:
On Friday, shares in Lafayette, Indiana headquartered Wabash National Corp. recorded a trading volume of 974,431 shares. The stock saw a decline of 2.25%, closing the day at $13.90. The Company's shares have gained 0.94% in the last one month, 4.04% over the previous three months, and 17.50% on an YTD basis. The stock is trading 0.18% above its 50-day moving average and 7.44% above its 200-day moving average. Additionally, shares of Wabash National, which designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products in North America, have an RSI of 48.83.
On September 20th, 2016, Wabash National announced a new agreement with EconCore N.V., the technology leader for continuous production of honeycomb sandwich materials, to execute EconCore's patented honeycomb core production technology in North America. The honeycomb core technology offers significant material property advantages compared to existing materials, such as weight savings, shear strength and energy absorption.
On September 30th, 2016, research firm CLSA initiated an 'Underperform' rating on the Company's stock.Sign up for your complimentary report on WNC at:
At the closing bell, shares in Oshkosh, Wisconsin-based Oshkosh Corp. recorded a trading volume of 954,186 shares, which was above their three months average volume of 812,100 shares. The stock ended the session at $54.91, down 2.02%. The Company's shares have gained 13.50% in the previous three months and 42.61% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.74% and 24.52%, respectively. Furthermore, shares of Oshkosh, which designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide, have an RSI of 50.09.
On September 26th, 2016, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight'.
On September 29th, 2016, the US Army awarded Oshkosh Defense, LLC, an Oshkosh company, a $409 million contract to produce 1,661 Family of Medium Tactical Vehicle trucks and 31 trailers, under Order Year 7 of the current FMTV contract. Deliveries will continue through July 2018. Register for free on Stock-Callers.com and download the latest research report on OSK at:
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