Navistar International Corporation (NYSE:NAV) – Equities research analysts at Seaport Global Securities upped their FY2017 earnings per share (EPS) estimates for Navistar International Corporation in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst R. Wood now forecasts that the company will post earnings per share of ($0.58) for the year, up from their previous estimate of ($0.64). Seaport Global Securities also issued estimates for Navistar International Corporation’s Q1 2018 earnings at ($0.16) EPS, Q2 2018 earnings at $0.39 EPS and FY2018 earnings at $1.60 EPS.

Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC reissued a “positive” rating and set a $47.00 price target (up previously from $35.00) on shares of Navistar International Corporation in a research report on Thursday. Royal Bank Of Canada boosted their price target on Navistar International Corporation from $31.00 to $36.00 and gave the company a “sector perform” rating in a research report on Thursday. Deutsche Bank AG boosted their price target on Navistar International Corporation from $26.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday. Robert W. Baird reissued a “buy” rating on shares of Navistar International Corporation in a research report on Tuesday, September 5th. Finally, Zacks Investment Research downgraded Navistar International Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.73.

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Navistar International Corporation (NYSE NAV) opened at 38.89 on Monday. The firm’s market cap is $3.82 billion. The company’s 50-day moving average price is $31.71 and its 200 day moving average price is $27.85. Navistar International Corporation has a 1-year low of $18.07 and a 1-year high of $39.00.

Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted ($0.42) EPS. Navistar International Corporation’s revenue was up 6.1% on a year-over-year basis.

In related news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of Navistar International Corporation stock in a transaction on Monday, July 17th. The shares were bought at an average price of $29.25 per share, for a total transaction of $1,272,404.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 499,781 shares of company stock worth $14,693,815. 21.80% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. lifted its stake in shares of Navistar International Corporation by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after acquiring an additional 81 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Navistar International Corporation by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock worth $1,154,000 after acquiring an additional 176 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Navistar International Corporation by 2.3% in the first quarter. Oppenheimer & Co. Inc. now owns 11,720 shares of the company’s stock worth $289,000 after acquiring an additional 264 shares in the last quarter. Creative Planning lifted its stake in shares of Navistar International Corporation by 7.7% in the second quarter. Creative Planning now owns 5,464 shares of the company’s stock worth $143,000 after acquiring an additional 389 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Navistar International Corporation by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after acquiring an additional 430 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).

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

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