Analysts Set Navistar International (NAV) Price Target at $43.73
Navistar International (NYSE:NAV) has been assigned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $43.73.
Several analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 price objective on shares of Navistar International in a research report on Thursday, January 11th. Piper Jaffray set a $44.00 price objective on shares of Navistar International and gave the stock a “hold” rating in a research report on Monday, January 15th. Zacks Investment Research downgraded shares of Navistar International from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Buckingham Research assumed coverage on shares of Navistar International in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $48.00 price objective for the company. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Navistar International in a research report on Tuesday, January 16th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Advisors LLC acquired a new stake in Navistar International in the 4th quarter valued at $873,000. Schwab Charles Investment Management Inc. grew its position in Navistar International by 10.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 271,300 shares of the company’s stock valued at $11,957,000 after purchasing an additional 25,570 shares during the period. Parametrica Management Ltd acquired a new stake in Navistar International in the 4th quarter valued at $1,051,000. Virtu Financial LLC acquired a new stake in Navistar International in the 4th quarter valued at $1,114,000. Finally, Advent Capital Management DE acquired a new stake in Navistar International in the 4th quarter valued at $835,000. 81.79% of the stock is owned by institutional investors and hedge funds.
Navistar International (NYSE:NAV) last announced its quarterly earnings data on Thursday, March 8th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.17. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.93 billion. Navistar International had a net margin of 0.22% and a negative return on equity of 1.78%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.76) EPS. sell-side analysts expect that Navistar International will post 1.98 earnings per share for the current fiscal year.
Navistar International Company Profile
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.
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