Navistar International Corporation (NYSE:NAV) – Analysts at Seaport Global Securities lifted their Q3 2017 earnings per share (EPS) estimates for Navistar International Corporation in a research note issued to investors on Wednesday. Seaport Global Securities analyst R. Wood now expects that the company will earn $0.39 per share for the quarter, up from their prior forecast of $0.15. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Navistar International Corporation’s Q4 2017 earnings at $0.58 EPS, FY2017 earnings at ($0.64) EPS, Q1 2018 earnings at ($0.24) EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.74 EPS and FY2018 earnings at $1.18 EPS.

Other analysts have also recently issued research reports about the company. Barclays PLC set a $17.00 price target on Navistar International Corporation and gave the stock a “sell” rating in a research report on Saturday, April 1st. Wells Fargo & Company restated a “market perform” rating and issued a $32.00 price target (up previously from $26.50) on shares of Navistar International Corporation in a research report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $35.00 price target on shares of Navistar International Corporation in a research report on Friday. Stifel Nicolaus restated a “hold” rating and issued a $26.00 price target (up previously from $24.00) on shares of Navistar International Corporation in a research report on Friday. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $28.00 price target on shares of Navistar International Corporation in a research report on Tuesday, May 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Navistar International Corporation has an average rating of “Hold” and an average target price of $24.39.

Earnings History and Estimates for Navistar International Corporation (NYSE:NAV)

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Shares of Navistar International Corporation (NYSE NAV) opened at 31.10 on Monday. The stock’s 50 day moving average price is $27.00 and its 200-day moving average price is $27.76. The company’s market cap is $3.05 billion. Navistar International Corporation has a 12 month low of $10.41 and a 12 month high of $33.46.

Navistar International Corporation (NYSE:NAV) last issued its earnings results on Wednesday, June 7th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.65. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year.

In other news, major shareholder Carl C. Icahn purchased 34,032 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was bought at an average cost of $25.77 per share, with a total value of $877,004.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Ardevora Asset Management LLP purchased a new position in shares of Navistar International Corporation during the fourth quarter worth approximately $29,312,000. Dimensional Fund Advisors LP raised its position in shares of Navistar International Corporation by 93.5% in the first quarter. Dimensional Fund Advisors LP now owns 486,973 shares of the company’s stock worth $11,989,000 after buying an additional 235,310 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Navistar International Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 4,122,984 shares of the company’s stock worth $101,508,000 after buying an additional 199,826 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Navistar International Corporation during the first quarter worth approximately $3,742,000. Finally, Quantitative Investment Management LLC purchased a new position in shares of Navistar International Corporation during the first quarter worth approximately $3,111,000. 82.44% of the stock is owned by institutional investors.

About Navistar International Corporation

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).

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