Navistar International Corporation (NYSE:NAV)‘s stock had its “neutral” rating reissued by equities researchers at UBS AG in a research report issued to clients and investors on Monday. They currently have a $39.00 price objective on the stock, up from their previous price objective of $31.00. UBS AG’s target price would indicate a potential downside of 0.36% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Deutsche Bank AG lifted their target price on shares of Navistar International Corporation from $26.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Royal Bank Of Canada lifted their target price on shares of Navistar International Corporation from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 7th. Jefferies Group LLC reaffirmed a “positive” rating and issued a $47.00 target price (up from $35.00) on shares of Navistar International Corporation in a research note on Thursday, September 7th. Robert W. Baird reaffirmed a “buy” rating on shares of Navistar International Corporation in a research note on Tuesday, September 5th. Finally, Zacks Investment Research raised shares of Navistar International Corporation from a “strong sell” rating to a “hold” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.45.

Navistar International Corporation (NAV) traded up 3.07% during midday trading on Monday, hitting $40.34. 537,106 shares of the stock traded hands. Navistar International Corporation has a 52 week low of $18.86 and a 52 week high of $40.71. The company’s market capitalization is $3.96 billion. The stock’s 50-day moving average price is $32.92 and its 200 day moving average price is $28.26.

Navistar International Corporation (NYSE:NAV) last issued 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 firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm earned ($0.42) earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Navistar International Corporation will post ($0.56) EPS for the current year.

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In related news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of Navistar International Corporation stock in a transaction on Monday, July 17th. The shares were acquired at an average cost of $29.25 per share, with a total value of $1,272,404.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 499,781 shares of company stock worth $14,693,815. Insiders own 21.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Hanseatic Management Services Inc. boosted its holdings in shares of Navistar International Corporation by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after buying an additional 81 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Navistar International Corporation by 0.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after buying an additional 176 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Navistar International Corporation by 2.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,720 shares of the company’s stock valued at $289,000 after buying an additional 264 shares in the last quarter. Creative Planning boosted its holdings in shares of Navistar International Corporation by 7.7% during the 2nd quarter. Creative Planning now owns 5,464 shares of the company’s stock valued at $143,000 after buying an additional 389 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Navistar International Corporation by 10.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after buying an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 84.04% 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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