Navistar International Corporation (NAV) – Investment Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Navistar International Corporation (NYSE: NAV):

  • 7/21/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock.
  • 7/19/2017 – Navistar International Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Navistar has underperformed the Zacks categorized Auto/Truck Original Equipment industry over the past six months. The demand for the company’s Core trucks has been declining, which is negatively impacting the Truck segment revenues. Also, Navistar’s results have been affected by lower volumes in Brazil, resulting from economic uncertainties. Moreover, increase in costs, primarily due to changes in fuel emission standards, are some palpable concerns for Navistar. The company 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.”
  • 7/12/2017 – 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.
  • 7/6/2017 – Navistar International Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/23/2017 – Navistar International Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/16/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock.
  • 6/11/2017 – Navistar International Corporation had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $31.00 price target on the stock, up previously from $29.00.
  • 6/9/2017 – Navistar International Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $26.00 price target on the stock, up previously from $24.00.
  • 6/9/2017 – Navistar International Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock.
  • 6/9/2017 – Navistar International Corporation had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $32.00 price target on the stock, up previously from $26.50.
  • 6/8/2017 – Navistar International Corporation had its “sell” rating reaffirmed by analysts at Barclays PLC. They now have a $20.00 price target on the stock.
  • 6/5/2017 – Navistar International Corporation was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $33.00 price target on the stock, up previously from $32.00.

Shares of Navistar International Corporation (NAV) traded up 0.387% during mid-day trading on Tuesday, hitting $29.865. The company had a trading volume of 313,002 shares. The company’s market capitalization is $2.93 billion. The company’s 50-day moving average is $27.81 and its 200 day moving average is $26.99. Navistar International Corporation has a one year low of $11.59 and a one year high of $33.46.

Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, June 7th. The company reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.65. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Navistar International Corporation will post ($0.72) EPS for the current fiscal year.

In other news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was purchased at an average cost of $29.25 per share, for a total transaction of $1,272,404.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 254,152 shares of company stock valued at $7,416,569 over the last quarter. Company 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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