Navistar International Corporation (NYSE: NAV) recently received a number of ratings updates from brokerages and research firms:

  • 8/5/2017 – Navistar International Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/3/2017 – Navistar International Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $27.00 price target on the stock.
  • 7/21/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock.
  • 7/19/2017 – Navistar International Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Navistar has underperformed the Zacks categorized Auto/Truck Original Equipment industry over the past six months. The demand for the company’s Core trucks has been declining, which is negatively impacting the Truck segment revenues. Also, Navistar’s results have been affected by lower volumes in Brazil, resulting from economic uncertainties. Moreover, increase in costs, primarily due to changes in fuel emission standards, are some palpable concerns for Navistar. The company has projected a decline in Class 6–8 retail sale in the U.S. and Canada, which is expected to have a negative influence in the Truck segment’s revenue.”
  • 7/12/2017 – Navistar International Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $31.00 price target on the stock.
  • 7/6/2017 – Navistar International Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/23/2017 – Navistar International Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/16/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock.
  • 6/11/2017 – Navistar International Corporation had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $31.00 price target on the stock, up previously from $29.00.
  • 6/9/2017 – Navistar International Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $26.00 price target on the stock, up previously from $24.00.
  • 6/9/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock.
  • 6/9/2017 – Navistar International Corporation had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $32.00 price target on the stock, up previously from $26.50.
  • 6/8/2017 – Navistar International Corporation had its “sell” rating reaffirmed by analysts at Barclays PLC. They now have a $20.00 price target on the stock.

Shares of Navistar International Corporation (NYSE:NAV) opened at 31.11 on Monday. The stock’s market capitalization is $3.05 billion. The company has a 50-day moving average of $27.92 and a 200-day moving average of $27.00. Navistar International Corporation has a 12-month low of $12.25 and a 12-month high of $33.46.

Navistar International Corporation (NYSE:NAV) last issued its earnings results on Wednesday, June 7th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.65. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. Navistar International Corporation’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. Equities analysts expect that Navistar International Corporation will post ($0.72) earnings per share for the current fiscal year.

In other news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were purchased at an average price of $29.25 per share, for a total transaction of $1,272,404.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 434,864 shares of company stock worth $12,752,006 in the last 90 days. 21.80% of the stock is currently owned by corporate insiders.

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).

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