Navistar International Corporation (NYSE:NAV) had its target price raised by investment analysts at Wells Fargo & Company from $41.00 to $45.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Company’s target price points to a potential upside of 1.97% from the stock’s current price.

NAV has been the topic of a number of other reports. Aegis reaffirmed a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Navistar International Corporation in a research report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Navistar International Corporation in a research report on Tuesday, September 26th. UBS AG reaffirmed a “neutral” rating and set a $39.00 price target (up from $31.00) on shares of Navistar International Corporation in a research report on Monday, September 18th. Deutsche Bank AG raised their price target on shares of Navistar International Corporation from $26.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada raised their price target on shares of Navistar International Corporation from $31.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $34.91.

Navistar International Corporation (NYSE:NAV) traded up 1.47% during mid-day trading on Friday, reaching $44.78. 192,939 shares of the company’s stock traded hands. The firm has a 50 day moving average of $37.68 and a 200 day moving average of $29.86. The firm’s market cap is $4.40 billion. Navistar International Corporation has a 1-year low of $21.94 and a 1-year high of $45.47.

Navistar International Corporation (NYSE:NAV) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.17 billion. Navistar International Corporation’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 earned ($0.42) earnings per share. Analysts forecast that Navistar International Corporation will post ($0.55) EPS for the current year.

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In other news, major shareholder Truck & Bus Gmbh Volkswagen acquired 24,750 shares of Navistar International Corporation stock in a transaction on Tuesday, July 25th. The shares were purchased at an average cost of $29.72 per share, for a total transaction of $735,570.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 499,781 shares of company stock worth $14,693,815 over the last quarter. Corporate insiders own 21.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NAV. Russell Investments Group Ltd. grew its stake in Navistar International Corporation by 99.4% during the first quarter. Russell Investments Group Ltd. now owns 132,967 shares of the company’s stock worth $3,274,000 after buying an additional 66,267 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Navistar International Corporation during the first quarter worth about $570,000. Virginia Retirement Systems ET AL acquired a new stake in Navistar International Corporation during the first quarter worth about $327,000. State of Tennessee Treasury Department acquired a new stake in Navistar International Corporation during the first quarter worth about $369,000. Finally, Victory Capital Management Inc. acquired a new stake in Navistar International Corporation during the first quarter worth about $1,610,000. Hedge funds and other 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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