Navistar International Corporation (NYSE:NAV) – Analysts at Seaport Global Securities boosted their Q4 2017 earnings per share estimates for Navistar International Corporation in a research note issued to investors on Wednesday. Seaport Global Securities analyst R. Wood now forecasts that the company will post earnings per share of $0.67 for the quarter, up from their prior estimate of $0.58. Seaport Global Securities also issued estimates for Navistar International Corporation’s Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.82 EPS.

Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC restated a “buy” rating and set a $35.00 price target on shares of Navistar International Corporation in a report on Friday, June 9th. BidaskClub upgraded shares of Navistar International Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Robert W. Baird restated a “buy” rating on shares of Navistar International Corporation in a report on Tuesday. Piper Jaffray Companies restated a “hold” rating and set a $27.00 price target on shares of Navistar International Corporation in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $31.00 price target on shares of Navistar International Corporation in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Navistar International Corporation currently has an average rating of “Hold” and a consensus target price of $30.75.

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Navistar International Corporation (NAV) opened at 38.20 on Friday. The stock’s market capitalization is $3.75 billion. Navistar International Corporation has a 12 month low of $18.07 and a 12 month high of $38.65. The company has a 50 day moving average price of $31.43 and a 200 day moving average price of $27.77.

Navistar International Corporation (NYSE:NAV) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.17 billion. Navistar International Corporation’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.42) EPS.

Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its position in Navistar International Corporation by 10.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after acquiring an additional 430 shares during the last quarter. FNY Partners Fund LP acquired a new position in Navistar International Corporation during the 1st quarter worth $123,000. Creative Planning lifted its position in Navistar International Corporation by 7.7% during the 2nd quarter. Creative Planning now owns 5,464 shares of the company’s stock worth $143,000 after acquiring an additional 389 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in Navistar International Corporation by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after acquiring an additional 81 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Navistar International Corporation by 88.5% during the 2nd quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock worth $228,000 after acquiring an additional 4,065 shares during the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen acquired 24,750 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average cost of $29.72 per share, for a total transaction of $735,570.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 499,781 shares of company stock valued at $14,693,815 over the last quarter. 21.80% of the stock is currently owned by corporate insiders.

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).

Earnings History and Estimates for Navistar International Corporation (NYSE:NAV)

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