Navistar International Corporation (NAV) Upgraded to Positive at OTR Global
Navistar International Corporation (NYSE:NAV) was upgraded by investment analysts at OTR Global to a “positive” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other analysts also recently weighed in on NAV. Wells Fargo & Company lifted their target price on shares of Navistar International Corporation from $41.00 to $45.00 and gave the company a “market perform” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Navistar International Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 target price on shares of Navistar International Corporation in a report on Tuesday, September 26th. Aegis reiterated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Navistar International Corporation in a report on Tuesday, September 26th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $27.00 target price on shares of Navistar International Corporation in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Navistar International Corporation presently has a consensus rating of “Hold” and an average target price of $36.08.
Shares of Navistar International Corporation (NYSE NAV) traded up 2.3244% on Thursday, reaching $44.1325. The company had a trading volume of 283,516 shares. Navistar International Corporation has a 1-year low of $21.94 and a 1-year high of $45.47. The stock’s market capitalization is $4.33 billion. The company’s 50 day moving average price is $39.18 and its 200-day moving average price is $30.40.
Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted ($0.42) EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts predict that Navistar International Corporation will post ($0.51) EPS for the current year.
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In related news, Director Stephen R. D’arcy sold 1,000 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Truck & Bus Gmbh Volkswagen bought 158,026 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were purchased at an average price of $29.18 per share, with a total value of $4,611,198.68. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 499,781 shares of company stock valued at $14,693,815. Insiders own 21.80% of the company’s stock.
Several hedge funds have recently modified their holdings of NAV. Karp Capital Management Corp acquired a new position in shares of Navistar International Corporation during the first quarter worth $570,000. State of Tennessee Treasury Department acquired a new position in shares of Navistar International Corporation during the first quarter worth $369,000. Victory Capital Management Inc. acquired a new position in shares of Navistar International Corporation during the first quarter worth $1,610,000. American International Group Inc. grew its stake in shares of Navistar International Corporation by 7.1% during the first quarter. American International Group Inc. now owns 30,490 shares of the company’s stock worth $751,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Navistar International Corporation by 10.9% during the first quarter. Alliancebernstein L.P. now owns 93,350 shares of the company’s stock worth $2,298,000 after purchasing an additional 9,200 shares in the last quarter. Hedge funds and other institutional investors own 84.04% 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).
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