Navistar International Corporation (NYSE:NAV) had its price target hoisted by analysts at Deutsche Bank AG from $26.00 to $36.00 in a report released on Thursday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price target indicates a potential downside of 7.43% from the stock’s current price.

Other equities analysts have also issued reports about the company. UBS AG reiterated a “neutral” rating and set a $31.00 price objective (up from $29.00) on shares of Navistar International Corporation in a research report on Sunday, June 11th. Jefferies Group LLC reiterated a “buy” rating and set a $35.00 price objective on shares of Navistar International Corporation in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and set a $26.00 price objective (up from $24.00) on shares of Navistar International Corporation in a research report on Friday, June 9th. Zacks Investment Research lowered Navistar International Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $32.00 price objective (up from $26.50) on shares of Navistar International Corporation in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.75.

Shares of Navistar International Corporation (NYSE NAV) opened at 38.89 on Thursday. The company’s market capitalization is $3.82 billion. The stock’s 50 day moving average price is $31.71 and its 200 day moving average price is $27.85. Navistar International Corporation has a 12-month low of $18.07 and a 12-month high of $39.00.

Navistar International Corporation (NYSE:NAV) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. Navistar International Corporation’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.42) earnings per share. On average, equities research analysts forecast that Navistar International Corporation will post ($0.63) earnings per share for the current year.

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In related news, major shareholder Truck & Bus Gmbh Volkswagen purchased 25,367 shares of Navistar International Corporation stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $29.90 per share, for a total transaction of $758,473.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 499,781 shares of company stock worth $14,693,815. 21.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL bought a new stake in shares of Navistar International Corporation in the 2nd quarter worth approximately $175,453,000. Impala Asset Management LLC bought a new stake in shares of Navistar International Corporation in the 2nd quarter worth approximately $29,727,000. Dimensional Fund Advisors LP grew its position in shares of Navistar International Corporation by 70.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 831,863 shares of the company’s stock worth $21,820,000 after buying an additional 344,890 shares during the last quarter. Ardevora Asset Management LLP grew its position in shares of Navistar International Corporation by 32.1% in the 2nd quarter. Ardevora Asset Management LLP now owns 1,361,100 shares of the company’s stock worth $35,702,000 after buying an additional 330,700 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Navistar International Corporation in the 2nd quarter worth approximately $6,176,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

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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