Navistar International Corporation (NYSE:NAV) has earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.92.

NAV has been the topic of several research analyst reports. Zacks Investment Research downgraded Navistar International Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday. BidaskClub raised Navistar International Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. UBS AG reaffirmed a “neutral” rating and issued a $31.00 price target (up from $29.00) on shares of Navistar International Corporation in a research report on Sunday, June 11th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $32.00 price target (up from $26.50) on shares of Navistar International Corporation in a research report on Friday, June 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Navistar International Corporation in a research note on Friday, June 9th.

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Navistar International Corporation (NAV) traded up 0.63% on Friday, hitting $30.50. 614,344 shares of the company were exchanged. The stock’s 50-day moving average price is $28.87 and its 200-day moving average price is $27.18. The stock’s market capitalization is $2.99 billion. Navistar International Corporation has a 52-week low of $13.17 and a 52-week 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 business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Navistar International Corporation’s revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. On average, equities research analysts anticipate that Navistar International Corporation will post ($0.72) earnings per share for the current fiscal year.

In other Navistar International Corporation news, major shareholder Truck & Bus Gmbh Volkswagen bought 24,800 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of $29.95 per share, with a total value of $742,760.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 434,864 shares of company stock valued at $12,752,006 in the last ninety days. Company insiders own 21.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Navistar International Corporation by 70.8% in the second quarter. Dimensional Fund Advisors LP now owns 831,863 shares of the company’s stock valued at $21,820,000 after buying an additional 344,890 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in Navistar International Corporation by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after buying an additional 81 shares in the last quarter. Vanguard Group Inc. boosted its stake in Navistar International Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock valued at $110,673,000 after buying an additional 96,310 shares in the last quarter. Northern Trust Corp boosted its stake in Navistar International Corporation by 1.5% in the second quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock valued at $16,189,000 after buying an additional 9,127 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Navistar International Corporation by 0.4% in the second quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after buying an additional 176 shares in the last quarter. 82.35% of the stock is currently owned by institutional investors.

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).

Analyst Recommendations for Navistar International Corporation (NYSE:NAV)

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