Navistar International Corporation (NYSE:NAV) had its price target lifted by analysts at Deutsche Bank AG from $26.00 to $36.00 in a report released on Thursday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price target suggests a potential downside of 0.80% from the company’s current price.

Several other brokerages have also issued reports on NAV. UBS AG reiterated a “neutral” rating and issued a $31.00 price target (up from $29.00) on shares of Navistar International Corporation in a research note on Sunday, June 11th. BidaskClub upgraded shares of Navistar International Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price target on shares of Navistar International Corporation in a research note on Friday, July 21st. Robert W. Baird upgraded shares of Navistar International Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $32.00 to $33.00 in a research note on Monday, June 5th. Finally, Zacks Investment Research lowered shares of Navistar International Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Navistar International Corporation has a consensus rating of “Hold” and a consensus target price of $29.85.

Shares of Navistar International Corporation (NYSE NAV) traded up 5.497% during mid-day trading on Thursday, hitting $38.285. 766,644 shares of the stock were exchanged. The stock’s 50 day moving average is $31.17 and its 200 day moving average is $27.70. Navistar International Corporation has a 12 month low of $13.57 and a 12 month high of $38.47. The firm’s market cap is $3.76 billion.

Navistar International Corporation (NYSE:NAV) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business earned ($0.42) earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Analysts expect that Navistar International Corporation will post ($0.48) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Navistar International Corporation (NAV) PT Raised to $36.00” was reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/07/navistar-international-corporation-nav-pt-raised-to-36-00.html.

In related news, major shareholder Truck & Bus Gmbh Volkswagen bought 158,026 shares of Navistar International Corporation stock in a transaction that occurred on Wednesday, July 19th. The stock was acquired at an average price of $29.18 per share, with a total value of $4,611,198.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 499,781 shares of company stock valued at $14,693,815 in the last ninety days. 21.80% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Proxima Capital Management LLC raised its stake in Navistar International Corporation by 7.5% in the 2nd quarter. Proxima Capital Management LLC now owns 215,000 shares of the company’s stock worth $5,639,000 after purchasing an additional 15,000 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Navistar International Corporation by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after purchasing an additional 430 shares in the last quarter. Castleark Management LLC acquired a new stake in Navistar International Corporation in the 2nd quarter worth about $6,176,000. The Manufacturers Life Insurance Company raised its stake in Navistar International Corporation by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,180 shares of the company’s stock worth $1,054,000 after purchasing an additional 1,086 shares in the last quarter. Finally, State Street Corp raised its stake in Navistar International Corporation by 2.5% in the 2nd quarter. State Street Corp now owns 1,012,715 shares of the company’s stock worth $26,565,000 after purchasing an additional 25,176 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

About Navistar International Corporation

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).

Analyst Recommendations for Navistar International Corporation (NYSE:NAV)

Receive News & Ratings for Navistar International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navistar International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.