Navistar International (NAV) Raised to “Buy” at Stifel Nicolaus

Navistar International (NYSE:NAV) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm currently has a $50.00 price objective on the stock, up from their prior price objective of $45.00. Stifel Nicolaus’ target price points to a potential upside of 23.24% from the stock’s previous close.

A number of other research analysts have also issued reports on NAV. Royal Bank of Canada reiterated a “hold” rating and issued a $31.00 target price on shares of Navistar International in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Navistar International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 21st. Robert W. Baird reiterated a “buy” rating on shares of Navistar International in a research note on Tuesday, September 5th. Jefferies Group restated a “positive” rating and issued a $47.00 price target (up from $35.00) on shares of Navistar International in a research report on Thursday, September 7th. Finally, Deutsche Bank raised their price target on shares of Navistar International from $26.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.77.

Navistar International (NYSE:NAV) traded up $0.42 during trading hours on Tuesday, reaching $40.57. 931,235 shares of the company were exchanged, compared to its average volume of 494,340. 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 Navistar International news, Director Stephen R. D’arcy sold 1,000 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $44.34, for a total value of $44,340.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 21.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NAV. Teachers Advisors LLC lifted its holdings in shares of Navistar International by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 88,476 shares of the company’s stock worth $2,178,000 after acquiring an additional 2,051 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Navistar International by 93.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 486,973 shares of the company’s stock worth $11,989,000 after acquiring an additional 235,310 shares during the period. Bank of Montreal Can lifted its holdings in shares of Navistar International by 88.5% during the 2nd quarter. Bank of Montreal Can now owns 8,659 shares of the company’s stock worth $228,000 after acquiring an additional 4,065 shares during the period. Aperio Group LLC lifted its holdings in shares of Navistar International by 2.4% during the 2nd quarter. Aperio Group LLC now owns 23,707 shares of the company’s stock worth $622,000 after acquiring an additional 550 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Navistar International by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,730 shares of the company’s stock worth $6,446,000 after acquiring an additional 2,492 shares during the period. 83.25% of the stock is owned by institutional investors.

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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)