Navistar International Corp. Coverage Initiated at BB&T Corp. (NAV)
Research analysts at BB&T Corp. assumed coverage on shares of Navistar International Corp. (NYSE:NAV) in a report released on Thursday, ARN reports. The firm set a “buy” rating on the stock.
NAV has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Navistar International Corp. from $33.00 to $33.50 in a research note to investors on Monday, September 9th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Navistar International Corp. in a research note to investors on Thursday, September 5th. They now have a $35.00 price target on the stock. Finally, analysts at Susquehanna initiated coverage on shares of Navistar International Corp. in a research note to investors on Wednesday, August 21st. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $38.83.
Shares of Navistar International Corp. (NYSE:NAV) traded up 3.76% on Thursday, hitting $35.92. 803,808 shares of the company’s stock traded hands. Navistar International Corp. has a 1-year low of $18.17 and a 1-year high of $39.79. The stock’s 50-day moving average is $36.04 and its 200-day moving average is $33.6. The company’s market cap is $2.889 billion.
Navistar International Corp. (NYSE:NAV) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($2.94) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.30) by $1.64. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts predict that Navistar International Corp. will post $-10.20 earnings per share for the current fiscal year.
Navistar International Corporation (NYSE:NAV) is a holding company, whose principal operating subsidiaries are Navistar, Inc and Navistar Financial Corporation (NFC).
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