Navistar International Corp Trading 3.8% Higher Following Better-Than-Expected Earnings (NAV)
Navistar International Corp (NYSE:NAV) traded up 3.8% on Thursday following a stronger than expected earnings report, American Banking & Market News reports. The stock traded as high as $40.14 and last traded at $39.86, with a volume of 558,692 shares traded. The stock had previously closed at $38.41.
The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.66) by $0.62. The company had revenue of $2.84 billion for the quarter. During the same quarter last year, the company posted ($2.94) earnings per share. Navistar International Corp’s revenue was down .6% compared to the same quarter last year.
A number of research firms have recently commented on NAV. Analysts at Robert W. Baird raised their price target on shares of Navistar International Corp from $41.00 to $46.00 in a research note on Thursday. Separately, analysts at Barclays raised their price target on shares of Navistar International Corp from $36.00 to $39.00 in a research note on Thursday. They now have an “underweight” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.56.
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 $3.225 billion.
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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