Stifel Nicolaus reiterated their hold rating on shares of Navistar International Corporation (NYSE:NAV) in a research report sent to investors on Friday morning. The brokerage currently has a $45.00 price target on the stock.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Navistar International Corporation from a hold rating to a strong sell rating in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a buy rating and set a $35.00 target price on shares of Navistar International Corporation in a report on Friday, July 21st. Royal Bank Of Canada reiterated a hold rating and set a $31.00 price objective on shares of Navistar International Corporation in a research report on Wednesday, July 12th. BidaskClub upgraded Navistar International Corporation from a sell rating to a hold rating in a research report on Thursday, July 6th. Finally, Aegis reiterated a buy rating and set a $50.00 price objective (up from $45.00) on shares of Navistar International Corporation in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $37.67.
Navistar International Corporation (NYSE NAV) traded down $0.04 during trading hours on Friday, hitting $42.04. The stock had a trading volume of 79,230 shares, compared to its average volume of 592,775. Navistar International Corporation has a 52 week low of $22.65 and a 52 week high of $45.47. The company has a debt-to-equity ratio of -0.86, a current ratio of 1.23 and a quick ratio of 0.94.
Navistar International Corporation (NYSE:NAV) last posted its earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company posted ($0.42) earnings per share. equities research analysts anticipate that Navistar International Corporation will post -0.51 EPS for the current year.
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In related news, major shareholder Truck & Bus Gmbh Volkswagen acquired 25,367 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $29.90 per share, for a total transaction of $758,473.30. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. D’arcy sold 1,000 shares of the 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 disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Navistar International Corporation by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,730 shares of the company’s stock valued at $6,446,000 after acquiring an additional 2,492 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Navistar International Corporation by 27.0% during the 2nd quarter. Nationwide Fund Advisors now owns 72,424 shares of the company’s stock valued at $1,900,000 after acquiring an additional 15,410 shares during the last quarter. Impala Asset Management LLC acquired a new stake in Navistar International Corporation during the 2nd quarter valued at $29,727,000. Geode Capital Management LLC raised its stake in Navistar International Corporation by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 469,179 shares of the company’s stock valued at $11,550,000 after purchasing an additional 39,499 shares during the period. Finally, Vanguard Group Inc. raised its stake in Navistar International Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock valued at $110,673,000 after purchasing an additional 96,310 shares during the period. Institutional investors own 83.90% of the company’s stock.
Navistar International Corporation Company Profile
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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