Navistar International Corporation (NAV) Given Positive Rating at Jefferies Group LLC
Jefferies Group LLC reissued their positive rating on shares of Navistar International Corporation (NYSE:NAV) in a research note published on Thursday. Jefferies Group LLC currently has a $47.00 price target on the stock, up from their previous price target of $35.00. Jefferies Group also issued estimates for Navistar International Corporation’s Q4 2017 earnings at $0.50 EPS, FY2017 earnings at ($0.59) EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $3.75 EPS.
Several other research firms also recently commented on NAV. Robert W. Baird reissued a buy rating on shares of Navistar International Corporation in a research report on Tuesday, September 5th. Zacks Investment Research downgraded shares of Navistar International Corporation from a hold rating to a strong sell rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Navistar International Corporation from a hold rating to a buy rating in a research report on Saturday, August 5th. UBS AG reissued a neutral rating and set a $31.00 target price (up from $29.00) on shares of Navistar International Corporation in a research report on Sunday, June 11th. Finally, Wells Fargo & Company reissued a market perform rating and set a $32.00 target price (up from $26.50) on shares of Navistar International Corporation in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $31.73.
Navistar International Corporation (NYSE NAV) opened at 38.89 on Thursday. The company’s market cap is $3.82 billion. The stock has a 50 day moving average price of $31.71 and a 200 day moving average price of $27.85. Navistar International Corporation has a one year low of $18.07 and a one year high of $39.00.
Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.42) earnings per share. On average, equities analysts anticipate that Navistar International Corporation will post ($0.63) EPS for the current fiscal year.
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In other news, major shareholder Truck & Bus Gmbh Volkswagen acquired 24,750 shares of Navistar International Corporation stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of $29.72 per share, with a total value of $735,570.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired a total of 499,781 shares of company stock valued at $14,693,815 over the last ninety days. 21.80% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Teachers Advisors LLC boosted its stake in Navistar International Corporation by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 86,425 shares of the company’s stock valued at $2,711,000 after acquiring an additional 2,961 shares during the last quarter. Strs Ohio purchased a new position in Navistar International Corporation in the first quarter valued at about $901,000. Russell Investments Group Ltd. boosted its stake in Navistar International Corporation by 99.4% in the first quarter. Russell Investments Group Ltd. now owns 132,967 shares of the company’s stock valued at $3,274,000 after acquiring an additional 66,267 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Navistar International Corporation in the first quarter valued at about $299,000. Finally, First Trust Advisors LP boosted its stake in Navistar International Corporation by 44.6% in the first quarter. First Trust Advisors LP now owns 268,537 shares of the company’s stock valued at $6,611,000 after acquiring an additional 82,866 shares during the last quarter. 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).
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