Navistar International Corporation (NYSE:NAV)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Tuesday.

A number of other research analysts also recently issued reports on NAV. Royal Bank Of Canada restated a “hold” rating and set a $28.00 price target on shares of Navistar International Corporation in a research note on Tuesday, May 9th. Barclays PLC restated a “sell” rating and set a $20.00 price target on shares of Navistar International Corporation in a research note on Thursday, June 8th. Stifel Nicolaus restated a “hold” rating and set a $26.00 price target (up previously from $24.00) on shares of Navistar International Corporation in a research note on Friday, June 9th. Jefferies Group LLC restated a “buy” rating and set a $35.00 price target on shares of Navistar International Corporation in a research note on Friday, June 9th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $32.00 price target (up previously from $26.50) on shares of Navistar International Corporation in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.23.

Shares of Navistar International Corporation (NAV) opened at 36.29 on Tuesday. The firm’s market cap is $3.56 billion. Navistar International Corporation has a one year low of $13.57 and a one year high of $36.90. The firm has a 50-day moving average price of $31.17 and a 200 day moving average price of $27.70.

Navistar International Corporation (NYSE:NAV) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.42) EPS. On average, analysts forecast that Navistar International Corporation will post ($0.79) earnings per share for the current fiscal year.

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In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen purchased 43,501 shares of Navistar International Corporation stock in a transaction dated Monday, July 17th. The stock was acquired at an average cost of $29.25 per share, with a total value of $1,272,404.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders bought a total of 499,781 shares of company stock valued at $14,693,815 over the last three months. Insiders own 21.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Navistar International Corporation by 44.6% in the 1st quarter. First Trust Advisors LP now owns 268,537 shares of the company’s stock valued at $6,611,000 after buying an additional 82,866 shares during the period. Suffolk Capital Management LLC acquired a new stake in shares of Navistar International Corporation in the 1st quarter valued at approximately $1,406,000. Strs Ohio acquired a new stake in shares of Navistar International Corporation in the 1st quarter valued at approximately $901,000. Quantitative Investment Management LLC acquired a new stake in shares of Navistar International Corporation in the 1st quarter valued at approximately $3,111,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Navistar International Corporation by 99.4% in the 1st quarter. Russell Investments Group Ltd. now owns 132,967 shares of the company’s stock valued at $3,274,000 after buying an additional 66,267 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

Navistar International Corporation Company Profile

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).

Analyst Recommendations for Navistar International Corporation (NYSE:NAV)

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