Navistar International Corp Price Target Raised to $39.00 at Barclays (NAV)
Stock analysts at Barclays hoisted their price objective on shares of Navistar International Corp (NYSE:NAV) from $36.00 to $39.00 in a report issued on Thursday. The firm currently has an “underweight” rating on the stock. Barclays’ price target points to a potential upside of 1.54% from the stock’s previous close.
Navistar International Corp (NYSE:NAV) traded up 3.57% on Thursday, hitting $39.78. The stock had a trading volume of 815,158 shares. Navistar International Corp has a one year low of $29.08 and a one year high of $41.57. The stock has a 50-day moving average of $36.80 and a 200-day moving average of $35.92. The company’s market cap is $3.235 billion.
Navistar International Corp (NYSE:NAV) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.62. The company had revenue of $2.84 billion for the quarter. During the same quarter in the previous year, the company posted ($2.94) earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Navistar International Corp will post $-7.22 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.56.
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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