Navistar International (NYSE:NAV) had its price target increased by research analysts at BMO Capital Markets from $25.00 to $40.00 in a research note issued on Friday, The Fly reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential downside of 10.35% from the stock’s previous close.
Several other research analysts have also weighed in on NAV. Robert W. Baird reiterated a “buy” rating on shares of Navistar International in a research report on Tuesday, September 5th. Jefferies Group reiterated a “positive” rating and issued a $47.00 price objective (up from $35.00) on shares of Navistar International in a research report on Thursday, September 7th. Royal Bank of Canada increased their price objective on Navistar International from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 7th. Deutsche Bank increased their price objective on Navistar International from $26.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, UBS reiterated a “neutral” rating and issued a $39.00 price objective (up from $31.00) on shares of Navistar International in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.31.
Shares of Navistar International (NYSE NAV) opened at $44.62 on Friday. The company has a debt-to-equity ratio of -0.85, a current ratio of 1.14 and a quick ratio of 0.94. The stock has a market capitalization of $4,206.58, a P/E ratio of 137.84, a PEG ratio of 3.85 and a beta of 2.71. Navistar International has a 52-week low of $22.89 and a 52-week high of $47.47.
In other news, Director Stephen R. D’arcy sold 1,000 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $44.34, for a total transaction of $44,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 21.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in shares of Navistar International by 10.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after buying an additional 430 shares during the period. Invictus RG purchased a new position in shares of Navistar International during the third quarter worth $150,000. Financial Engines Advisors L.L.C. boosted its position in shares of Navistar International by 57.0% during the third quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock worth $160,000 after buying an additional 1,319 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of Navistar International by 1.2% during the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after buying an additional 81 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Navistar International during the third quarter worth $220,000. Institutional investors and hedge funds own 83.24% 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).
