A number of firms have modified their ratings and price targets on shares of Navistar International Corporation (NYSE: NAV) recently:

  • 9/7/2017 – Navistar International Corporation had its “positive” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $47.00 price target on the stock, up previously from $35.00.
  • 9/7/2017 – Navistar International Corporation had its price target raised by analysts at Royal Bank Of Canada from $31.00 to $36.00. They now have a “sector perform” rating on the stock.
  • 9/7/2017 – Navistar International Corporation had its price target raised by analysts at Deutsche Bank AG from $26.00 to $36.00. They now have a “hold” rating on the stock.
  • 9/5/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 8/21/2017 – Navistar International Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Navistar has outperformed the industry it belongs to over the past three months. The company is focusing on the launch of new products and is making strategic alliances with other companies like Volkwagen, which is expected to increase scale and competitiveness. It is also positioned to benefit from cost-saving initiatives like engine restructuring and reductions in discretionary spending. However, the prevailing economic uncertainties in Brazil and increase in costs, primarily due to changes in fuel emission standards, are some palpable concerns for Navistar. Moreover, it 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.”
  • 8/18/2017 – 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.
  • 8/8/2017 – Navistar International Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “For fiscal 2017, Navistar expects a decline in Class 6–8 retail deliveries in the U.S. and Canada. The demand for company’s core trucks is also witnessing a downtrend, which will negatively impact the revenues of its truck segment. Other concerns faced by Navistar include economic uncertainties in Brazil and lower volumes. Moreover, adhering to the fuel emission regulations for the production of 2017 models will result in increased manufacturing costs of engines and vehicles. Also, year-to-date, its shares have underperformed against the industry it belongs to.”
  • 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.”

Navistar International Corporation (NYSE NAV) opened at 38.85 on Thursday. Navistar International Corporation has a 12 month low of $18.47 and a 12 month high of $39.38. The stock’s 50 day moving average price is $32.20 and its 200-day moving average price is $28.02. The company’s market capitalization is $3.81 billion.

Navistar International Corporation (NYSE:NAV) last issued its earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.42) earnings per share. On average, equities research analysts predict that Navistar International Corporation will post ($0.61) EPS for the current fiscal year.

In related news, major shareholder Truck & Bus Gmbh Volkswagen bought 158,026 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was bought at an average cost of $29.18 per share, for a total transaction of $4,611,198.68. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 499,781 shares of company stock valued at $14,693,815 over the last 90 days. 21.80% of the stock is currently owned by company 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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