Navistar International (NAV) PT Set at $37.00 by Piper Jaffray Companies
Navistar International (NYSE:NAV) has been assigned a $37.00 target price by research analysts at Piper Jaffray Companies in a research note issued on Sunday. The brokerage presently has a “hold” rating on the stock. Piper Jaffray Companies’ price target suggests a potential downside of 7.66% from the stock’s previous close.
Several other research analysts have also commented on NAV. Royal Bank of Canada reissued a “hold” rating and set a $31.00 price objective on shares of Navistar International in a report on Friday, August 18th. Zacks Investment Research raised Navistar International from a “strong sell” rating to a “hold” rating in a report on Monday, August 21st. Robert W. Baird reissued a “buy” rating on shares of Navistar International in a report on Tuesday, September 5th. Jefferies Group reissued a “positive” rating and set a $47.00 price objective (up previously from $35.00) on shares of Navistar International in a report on Thursday, September 7th. Finally, Deutsche Bank boosted their price objective on Navistar International from $26.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.38.
Navistar International (NYSE:NAV) opened at $40.07 on Friday. Navistar International has a twelve month low of $22.89 and a twelve month high of $45.47. The company has a debt-to-equity ratio of -0.86, a quick ratio of 0.94 and a current ratio of 1.23.
A number of institutional investors and hedge funds have recently modified their holdings of NAV. Gamco Investors INC. ET AL bought a new stake in Navistar International in the second quarter valued at approximately $175,453,000. Impala Asset Management LLC bought a new stake in Navistar International in the second quarter valued at approximately $29,727,000. Dimensional Fund Advisors LP lifted its position in Navistar International 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 purchasing an additional 344,890 shares during the last quarter. Castleark Management LLC bought a new stake in Navistar International in the second quarter valued at approximately $6,176,000. Finally, Vanguard Group Inc. lifted its position in Navistar International 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 purchasing an additional 96,310 shares during the last quarter. 83.25% of the stock is owned by institutional investors and hedge funds.
Navistar International 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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