Navistar International (NYSE:NAV) has been given a $37.00 price objective by stock analysts at Piper Jaffray Companies in a research note issued to investors on Sunday. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 7.27% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Aegis reissued a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Navistar International in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Navistar International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 21st. Royal Bank Of Canada raised their price target on shares of Navistar International from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 7th. Susquehanna Bancshares assumed coverage on shares of Navistar International in a research note on Wednesday, November 29th. They set a “positive” rating and a $50.00 price target for the company. Finally, UBS restated a “neutral” rating and set a $39.00 price target (up previously from $31.00) on shares of Navistar International in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.38.

Navistar International (NAV) traded down $0.69 during trading on Friday, hitting $39.90. 334,000 shares of the company’s stock traded hands, compared to its average volume of 604,466. Navistar International has a 1 year low of $22.89 and a 1 year high of $45.47. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of -0.86.

In other news, Director Stephen R. D’arcy sold 1,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. grew its stake in Navistar International by 1.2% in the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after buying an additional 81 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Navistar International by 0.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after buying an additional 176 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Navistar International by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after buying an additional 430 shares in the last quarter. Aperio Group LLC grew its stake in Navistar International by 2.4% in the 2nd quarter. Aperio Group LLC now owns 23,707 shares of the company’s stock valued at $622,000 after buying an additional 550 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Navistar International by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,180 shares of the company’s stock valued at $1,054,000 after buying an additional 1,086 shares in the last quarter. Institutional investors and hedge funds own 83.25% of the company’s stock.

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About Navistar International

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).

Analyst Recommendations for Navistar International (NYSE:NAV)

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