Navistar International Corp. (NAV) Price Target Raised to $35.00 at Jefferies Group
Navistar International Corp. (NYSE:NAV) had its price objective upped by Jefferies Group from $25.00 to $35.00 in a research report report published on Tuesday morning. They currently have a buy rating on the stock.
Several other equities analysts also recently weighed in on NAV. Avondale Partners restated a market perform rating and set a $9.00 target price (down from $12.00) on shares of Navistar International Corp. in a report on Wednesday, June 15th. Robert W. Baird raised their target price on shares of Navistar International Corp. from $12.00 to $20.00 and gave the company a neutral rating in a report on Friday, September 9th. Deutsche Bank AG raised their target price on shares of Navistar International Corp. from $14.00 to $21.00 in a report on Friday, September 9th. Stifel Nicolaus restated a sell rating and set a $14.00 target price (up from $10.00) on shares of Navistar International Corp. in a report on Wednesday, September 7th. Finally, Barclays PLC restated a sell rating and set a $16.00 target price on shares of Navistar International Corp. in a report on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $16.82.
Navistar International Corp. (NYSE:NAV) traded down 0.09% during mid-day trading on Tuesday, hitting $22.81. 176,976 shares of the stock were exchanged. The company’s market cap is $1.86 billion. The company has a 50-day moving average price of $19.43 and a 200-day moving average price of $14.24. Navistar International Corp. has a one year low of $5.78 and a one year high of $24.04.
Navistar International Corp. (NYSE:NAV) last posted its earnings results on Thursday, September 8th. The company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.57. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business earned ($0.37) EPS. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. Analysts forecast that Navistar International Corp. will post ($0.48) earnings per share for the current fiscal year.
In other news, Director Michael N. Hammes sold 4,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $18.71, for a total transaction of $74,840.00. Following the transaction, the director now directly owns 5,261 shares of the company’s stock, valued at $98,433.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 21.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Navistar International Corp. by 93.8% in the first quarter. BlackRock Inc. now owns 11,033 shares of the company’s stock worth $138,000 after buying an additional 5,339 shares during the period. Creative Planning raised its stake in Navistar International Corp. by 11.4% in the second quarter. Creative Planning now owns 13,156 shares of the company’s stock valued at $154,000 after buying an additional 1,350 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Navistar International Corp. during the first quarter valued at $165,000. BNP Paribas Arbitrage SA raised its stake in Navistar International Corp. by 25.5% in the second quarter. BNP Paribas Arbitrage SA now owns 13,365 shares of the company’s stock valued at $156,000 after buying an additional 2,712 shares during the last quarter. Finally, State of Tennessee Treasury Department acquired a new stake in Navistar International Corp. during the second quarter valued at $175,000.
About Navistar International Corp.
Navistar International Corporation (NIC) is a holding company, whose principal operating subsidiaries are Navistar, Inc and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a provider of service parts for trucks and diesel engines.
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