Navistar International Corporation (NAV) Receives $33.80 Average Target Price from Analysts
Navistar International Corporation (NYSE:NAV) has been given an average rating of “Hold” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.10.
NAV has been the subject of a number of research reports. UBS AG reissued a “neutral” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Navistar International Corporation in a research note on Sunday, June 11th. Wells Fargo & Company raised their price objective on Navistar International Corporation from $41.00 to $45.00 and gave the company a “market perform” rating in a research note on Friday. BidaskClub raised Navistar International Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Navistar International Corporation in a research note on Friday, July 21st. Finally, Robert W. Baird reissued a “buy” rating on shares of Navistar International Corporation in a research note on Tuesday, September 5th.
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Navistar International Corporation (NAV) traded up 0.25% during midday trading on Friday, reaching $44.24. The company’s stock had a trading volume of 1,160,573 shares. The firm’s market cap is $4.34 billion. Navistar International Corporation has a 52-week low of $21.94 and a 52-week high of $45.47. The firm has a 50 day moving average of $38.07 and a 200 day moving average of $29.98.
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 Zacks’ consensus estimate of $0.28 by $0.09. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted ($0.42) EPS. The company’s revenue was up 6.1% on a year-over-year basis. Analysts anticipate that Navistar International Corporation will post ($0.55) earnings per share for the current fiscal year.
In related news, major shareholder Truck & Bus Gmbh Volkswagen bought 24,900 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average price of $29.95 per share, for a total transaction of $745,755.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 499,781 shares of company stock worth $14,693,815 in the last 90 days. Corporate insiders own 21.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of NAV. Ameritas Investment Partners Inc. lifted its holdings in Navistar International Corporation by 10.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after acquiring an additional 430 shares during the period. FNY Partners Fund LP bought a new stake in Navistar International Corporation during the first quarter worth $123,000. Creative Planning lifted its holdings in Navistar International Corporation by 7.7% during the second quarter. Creative Planning now owns 5,464 shares of the company’s stock worth $143,000 after acquiring an additional 389 shares during the period. Hanseatic Management Services Inc. lifted its holdings in Navistar International Corporation by 1.2% during the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after acquiring an additional 81 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Navistar International Corporation by 88.5% during the second quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock worth $228,000 after acquiring an additional 4,065 shares during the period. Institutional investors and hedge funds 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).
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