Navistar International Corp Given Consensus Rating of “Hold” by Analysts (NYSE:NAV)
Navistar International Corp (NYSE:NAV) has earned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, StockRatingsNetwork reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $38.56.
NAV has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Navistar International Corp in a research note on Friday, August 8th. They now have a $36.00 price target on the stock. Separately, analysts at Vertical Research downgraded shares of Navistar International Corp to a “sell” rating in a research note on Friday, August 1st. Finally, analysts at Piper Jaffray initiated coverage on shares of Navistar International Corp in a research note on Wednesday, July 16th. They set an “overweight” rating and a $46.00 price target on the stock.
Navistar International Corp (NYSE:NAV) opened at 37.71 on Wednesday. Navistar International Corp has a 52 week low of $29.08 and a 52 week high of $41.57. The stock has a 50-day moving average of $36.73 and a 200-day moving average of $35.86. The company’s market cap is $3.067 billion.
Navistar International Corp (NYSE:NAV) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.31) by $2.34. The company had revenue of $2.70 million for the quarter, compared to the consensus estimate of $2.72 million. During the same quarter in the previous year, the company posted ($4.39) earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts expect that Navistar International Corp will post $-6.93 EPS 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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