Several brokerages have updated their recommendations and price targets on shares of Navistar International Corporation (NYSE: NAV) in the last few weeks:

  • 10/10/2017 – Navistar International Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “The Zacks Consensus Estimate for Navistar’s quarterly earnings estimate has been going up of late. The company increased its truck segment sales, boosting its revenue. It is also focusing on the launch of new products and making strategic alliances with other companies like Volkswagen, thereby expecting to improve its scale and competitiveness. The company is also positioned to benefit from cost-saving initiatives like engine restructuring and reductions in discretionary spending. Moreover, in the last three months, Navistar has outperformed in the industry it belongs to.”
  • 10/6/2017 – Navistar International Corporation had its price target raised by analysts at Wells Fargo & Company from $41.00 to $45.00. They now have a “market perform” rating on the stock.
  • 9/26/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $47.00 price target on the stock.
  • 9/26/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Aegis. They now have a $50.00 price target on the stock, up previously from $45.00.
  • 9/18/2017 – Navistar International Corporation had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $39.00 price target on the stock, up previously from $31.00.
  • 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.

Navistar International Corporation (NYSE NAV) traded down 0.58% during midday trading on Wednesday, hitting $43.13. The company’s stock had a trading volume of 276,797 shares. Navistar International Corporation has a 12 month low of $21.94 and a 12 month high of $45.47. The company’s 50 day moving average price is $38.83 and its 200 day moving average price is $30.31. The firm’s market cap is $4.23 billion.

Navistar International Corporation (NYSE:NAV) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm earned ($0.42) EPS. The company’s revenue was up 6.1% on a year-over-year basis. Analysts expect that Navistar International Corporation will post ($0.51) EPS for the current year.

In other news, major shareholder Truck & Bus Gmbh Volkswagen bought 43,501 shares of the stock in a transaction that occurred 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen R. D’arcy sold 1,000 shares of Navistar International Corporation stock in a transaction on Friday, October 6th. The shares were sold at an average price of $44.34, for a total transaction of $44,340.00. The disclosure for this sale can be found here. In the last three months, insiders have bought 499,781 shares of company stock valued at $14,693,815. Insiders own 21.80% of the company’s stock.

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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