Published: Thu, March 15, 2018
Business | By Tara Barton

Baird Reaffirms "Buy" Rating for Navistar International (NAV)


They expect that Navistar International Corporation (NAV) price will be reaching a mean target of $46.43 a share. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The stock of Navistar International Corporation (NYSE:NAV) has "Buy" rating given on Tuesday, December 12 by Stifel Nicolaus. Navistar International Corporation had 80 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Sector Perform" rating given on Friday, December 18 by RBC Capital Markets.

Large investors have recently modified their holdings of the company. Gabelli raised Navistar International from a "hold" rating to a "buy" rating and set a $52.00 price objective on the stock in a research note on Friday. Stifel Nicolaus raised Navistar International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $50.00 in a research note on Tuesday, December 12th. Goldman Sachs upgraded Navistar International Corporation (NYSE:NAV) on Friday, September 9 to "Neutral" rating. The Manufacturers Life Insurance Company now owns 40,180 shares of the company's stock valued at $1,054,000 after acquiring an additional 1,086 shares during the period. Zacks Investment Research cut Navistar International from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Hedge funds and other institutional investors own 81.70% of the company's stock. $35.14's average target is -5.89% below currents $37.34 stock price.

In an overview of the current analyst recommendations, Buy count is 6 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. The stock presently has an average rating of "Hold" and a consensus target price of $44.13. The firm had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.93 billion. The stock of Navistar International Corporation (NYSE:NAV) earned "Hold" rating by Stifel Nicolaus on Tuesday, August 1. Pomelo Capital Llc who had been investing in Navistar Intl Corp New (Put) for a number of months, seems to be bullish on the $3.46 billion market cap company. Finally, State Street Corp increased its holdings in shares of Navistar International by 2.5% in the second quarter. Financial Engines Advisors L.L.C. increased its position in Navistar International by 57.0% in the 3rd quarter. Navistar International earned a coverage optimism score of 0.17 on Accern's scale. Invictus RG acquired a new stake in shares of Navistar International in the 3rd quarter valued at $150,000. The company has Beta Value of 2.49 and ATR value of 1.79.

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Stock's minimum price target estimates has been figured out at $4 while the maximum price target forecast is established at $4. The company's shares were given away at $5.2 per share worth to an income of some $41,600 on account of Stetson John.

Analysts are also projecting an Average Revenue Estimate for Navistar International Corporation as $2.39 Million in the Current Quarter. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.17. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock.

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC).

Now we will discuss the financial strength of Navistar International Corporation. More interesting news about Navistar International Corporation (NYSE:NAV) were released by: Nasdaq.com and their article: "Earnings Reaction History: Navistar International Corp., 33.3% Follow-Through ..." published on March 08, 2018 as well as Bloomberg.com's news article titled: "Icahn-Backed Navistar Caps Turnaround With Overhaul of Top Truck" with publication date: March 07, 2018. It makes and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the worldwide and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

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