Brokerages Set Navistar International Corp (NYSE:NAV) Target Price at $33.12

Navistar International Corp (NYSE:NAV) has been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $33.23.

A number of research analysts recently commented on NAV shares. Raymond James started coverage on Navistar International in a research note on Wednesday. They set a “market perform” rating for the company. ValuEngine cut Navistar International from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Wells Fargo & Co cut their target price on Navistar International from $35.00 to $27.00 and set a “market perform” rating on the stock in a research note on Thursday, September 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $33.00 price target on shares of Navistar International in a report on Monday. Finally, OTR Global lowered shares of Navistar International from a “mixed” rating to a “negative” rating in a research report on Wednesday, October 9th.

NAV stock traded down $0.93 during midday trading on Friday, reaching $30.99. The company had a trading volume of 294,870 shares, compared to its average volume of 459,845. The firm has a market capitalization of $3.13 billion, a PE ratio of 9.14, a P/E/G ratio of 0.65 and a beta of 2.23. The stock has a 50 day moving average price of $30.48 and a 200 day moving average price of $30.17. Navistar International has a fifty-two week low of $21.32 and a fifty-two week high of $39.52.

Navistar International (NYSE:NAV) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.35. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Navistar International had a negative return on equity of 11.82% and a net margin of 2.60%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 EPS. As a group, analysts anticipate that Navistar International will post 3.93 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Creative Planning raised its stake in Navistar International by 5.0% during the 2nd quarter. Creative Planning now owns 8,200 shares of the company’s stock valued at $282,000 after acquiring an additional 390 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Navistar International during the 2nd quarter worth $34,000. US Bancorp DE grew its stake in shares of Navistar International by 101.4% in the second quarter. US Bancorp DE now owns 1,986 shares of the company’s stock worth $68,000 after purchasing an additional 1,000 shares in the last quarter. Zeke Capital Advisors LLC grew its stake in shares of Navistar International by 1.8% in the second quarter. Zeke Capital Advisors LLC now owns 59,796 shares of the company’s stock worth $2,060,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Navistar International in the second quarter worth $37,000. 74.16% of the stock is owned by institutional investors and hedge funds.

About Navistar International

Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services.

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Analyst Recommendations for Navistar International (NYSE:NAV)

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