Navistar International (NAV) Price Target Raised to $40.00 at BMO Capital Markets

Navistar International (NYSE:NAV) had its price target boosted by BMO Capital Markets from $25.00 to $40.00 in a research report released on Friday. BMO Capital Markets currently has a market perform rating on the stock.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Navistar International from a hold rating to a buy rating and set a $49.00 price target on the stock in a research note on Tuesday, October 10th. Robert W. Baird reissued a buy rating on shares of Navistar International in a research report on Tuesday, September 5th. Wells Fargo & Co boosted their price objective on shares of Navistar International from $41.00 to $45.00 and gave the company a market perform rating in a research report on Friday, October 6th. Deutsche Bank boosted their price objective on shares of Navistar International from $26.00 to $36.00 and gave the company a hold rating in a research report on Thursday, September 7th. Finally, Stifel Nicolaus reissued a hold rating and set a $45.00 price objective on shares of Navistar International in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. Navistar International has an average rating of Hold and an average price target of $42.31.

Navistar International (NYSE:NAV) traded down $0.01 during mid-day trading on Friday, hitting $44.61. 470,762 shares of the stock were exchanged, compared to its average volume of 759,706. The company has a debt-to-equity ratio of -0.85, a current ratio of 1.14 and a quick ratio of 0.94. Navistar International has a one year low of $22.89 and a one year high of $47.47. The company has a market capitalization of $4,380.00, a price-to-earnings ratio of 495.67, a P/E/G ratio of 5.07 and a beta of 2.71.

Navistar International (NYSE:NAV) last announced its earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.71. Navistar International had a net margin of 0.35% and a negative return on equity of 0.96%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business posted ($0.42) earnings per share. Navistar International’s revenue for the quarter was up 25.9% on a year-over-year basis. analysts anticipate that Navistar International will post 1.76 EPS for the current fiscal year.

In other news, Director Stephen R. D’arcy sold 1,000 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 21.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Navistar International by 10.9% during 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. Invictus RG bought a new stake in shares of Navistar International during the 3rd quarter valued at $150,000. Financial Engines Advisors L.L.C. boosted its holdings in shares of Navistar International by 57.0% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock valued at $160,000 after buying an additional 1,319 shares in the last quarter. Hanseatic Management Services Inc. boosted 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 worth $185,000 after purchasing an additional 81 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in Navistar International in the 3rd quarter worth about $220,000. Hedge funds and other institutional investors 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).

Analyst Recommendations for Navistar International (NYSE:NAV)

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