Navistar International Corporation (NAV) PT Raised to $45.00

Navistar International Corporation (NYSE:NAV) had its price objective raised by Wells Fargo & Company from $41.00 to $45.00 in a report published on Friday, October 6th. They currently have a market perform rating on the stock.

A number of other research analysts have also recently commented on NAV. UBS AG reissued a neutral rating and issued a $31.00 target price (up previously from $29.00) on shares of Navistar International Corporation in a research note on Sunday, June 11th. Stifel Nicolaus reissued a hold rating and issued a $26.00 target price (up previously from $24.00) on shares of Navistar International Corporation in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Navistar International Corporation from a hold rating to a strong sell rating in a report on Tuesday, August 8th. Jefferies Group LLC reiterated a buy rating and set a $47.00 target price on shares of Navistar International Corporation in a report on Tuesday, September 26th. Finally, Aegis reiterated a buy rating and set a $50.00 target price (up from $45.00) on shares of Navistar International Corporation in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Navistar International Corporation presently has a consensus rating of Hold and a consensus target price of $36.08.

Navistar International Corporation (NYSE:NAV) opened at 42.65 on Friday. Navistar International Corporation has a 52 week low of $21.94 and a 52 week high of $45.47. The company has a 50 day moving average price of $40.14 and a 200-day moving average price of $30.71. The company’s market capitalization is $4.19 billion.

Navistar International Corporation (NYSE:NAV) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.17 billion. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.42) EPS. On average, equities analysts anticipate that Navistar International Corporation will post ($0.51) earnings per share for the current fiscal year.

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In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen purchased 24,900 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of $29.95 per share, for a total transaction of $745,755.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen R. D’arcy sold 1,000 shares of Navistar International Corporation 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 disclosure for this sale can be found here. In the last ninety days, insiders acquired 403,655 shares of company stock valued at $11,888,444. 21.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Navistar International Corporation by 99.4% during the 1st quarter. Russell Investments Group Ltd. now owns 132,967 shares of the company’s stock valued at $3,274,000 after buying an additional 66,267 shares in the last quarter. Impala Asset Management LLC purchased a new position in shares of Navistar International Corporation during the 2nd quarter valued at $29,727,000. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 39,499 shares in the last quarter. KCG Holdings Inc. lifted its stake in shares of Navistar International Corporation by 161.5% during the 1st quarter. KCG Holdings Inc. now owns 39,473 shares of the company’s stock valued at $972,000 after buying an additional 24,377 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of Navistar International Corporation during the 2nd quarter valued at $1,072,000. Institutional investors own 84.04% of the company’s stock.

About Navistar International Corporation

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 Corporation (NYSE:NAV)

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