Navistar International Corp (NAV) Given Consensus Recommendation of "Hold" by Brokerages
- Author: Zachary Reyes Jun 09, 2017,
Jun 09, 2017, 3:34
The brokerage now has a $33.00 price target on the stock, up from their prior price target of $32.00. After a recent check, company stock has been trading near the $29.99 mark. Shares for $877,005 were bought by ICAHN CARL C. $31,780 worth of Navistar International Corp (NYSE:NAV) shares were bought by D'ARCY STEPHEN R. 219,981 shares or 843.15% more from 23,324 shares in 2016Q3 were reported. RBC Capital Markets maintained Navistar International Corp (NYSE:NAV) on Tuesday, September 8 with "Sector Perform" rating. Bolstering NAV stock was some upbeat analyst attention, with Baird upgrading the shares to "outperform" from "neutral", and lifting its price target by $1 to $33. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. Jefferies maintained the stock with "Buy" rating in Thursday, September 3 report. $53,019 worth of Navistar International Corp (NYSE:NAV) was sold by HAMMES MICHAEL N.
Revenue fell 4.6 percent to $2.10 billion. The company has a 50 day moving average of $26.50 and a 200 day moving average of $27.72. Gotham Asset Llc stated it has 0.01% in Navistar International Corp (NYSE:NAV).
Navistar International Corp (NYSE:NAV) last issued its quarterly earnings results on Tuesday, March 7th.
In the latest earnings report the EPS was $-1.55 and is projected to be $-0.16 for the current year with 98,109,000 shares now outstanding. It has outperformed by 126.26% the S&P500.The move comes after 7 months positive chart setup for the $2.66 billion company. During the same quarter in the prior year, the business earned ($0.40) EPS.
In the market the company is trading down by -2.09% since yesterday's close of $26.3. Over the short term, some market observers may have noticed that Navistar International Corporation has a 8.46% short float with 15 days to cover.
TRADEMARK VIOLATION NOTICE: This article was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another publication, it was stolen and republished in violation of global copyright legislation. The firm has "Neutral" rating by Global Hunter Securities given on Monday, September 28.
In other Navistar International Corp news, major shareholder Carl C. Icahn acquired 34,032 shares of the business's stock in a transaction that occurred on Tuesday, March 14th. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock. 2 funds opened positions while 0 raised stakes. Navistar International Corp (NYSE:NAV) has risen 142.96% since June 5, 2016 and is uptrending. About shares traded. Public Storage (NYSE:PSA) has declined 14.14% since June 6, 2016 and is downtrending. Trexquant Investment LP purchased a new stake in shares of Navistar International Corp during the fourth quarter valued at approximately $1,403,000. Inc. boosted its position in shares of Navistar International Corp by 2.3% in the first quarter.
The company said in its earnings release that it took a $60 million charge in the second quarter to beef up the "reserve" for used trucks equipped with the OEM's "legacy" MaxxForce 13-liter engines - wiping out the $47 million in earnings before interest, taxes, and amortization (EBITA) it booked for the quarter.
Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc. and Navistar Financial Corporation (NFC).