Analysis: Navistar International Corporation (NYSE:NAV) Stock Target Raised Today
In analysts note published by JP Morgan on 11 December, the firm, Navistar International Corporation (NYSE:NAV), had their target lowered to $12.00. Analusts presently have a solid “Underweight” rating on the stock.
From a total of 21 analysts covering Navistar International Corporation (NYSE:NAV) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 15 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is $35 while the lowest target price is $8. The mean of all analyst targets is $18.38 with a 115.50% above today’s ($8.71) stock price. Navistar International Corporation was the topic of 21 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Longbow downgraded shares on October 16 to “Neutral” rating. Susquehanna maintained shares with “Neutral” rating and $18 target share price in a report from a September 3. Global Hunter Securities downgraded NAV stock in a recent report from September 28 to “Neutral” rating. Macquarie Research maintained the rating on September 3. Macquarie Research has a “Neutral” rating and a $18 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a September 8.
Approximately 1.68M shares of stock traded hands or 20.86% up from the average. Navistar International Corp (NYSE:NAV) has declined 68.25% since May 8, 2015 and is downtrending. It has underperformed by 65.23% the S&P500.
Analysts await Navistar International Corp (NYSE:NAV) to reports earnings on December, 15. They expect $0.57 EPS, up 209.62% or $1.09 from last year’s $-0.52 per share. NAV’s profit will be $49.87 million for 3.82 P/E if the $0.57 EPS becomes reality. After $-0.19 actual EPS reported by Navistar International Corp for the previous quarter, Wall Street now forecasts -400.00% EPS growth.
Navistar International Corporation is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The company has a market cap of $762.11 million. The Firm is a maker of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a well-known provider of service parts for trucks and diesel engines. It currently has negative earnings. It also provides retail, wholesale, and lease financing of trucks and parts.
According to Zacks Investment Research, “Navistar International is a holding company and its principal operating subsidiary is Navistar Int’l Transportation Corp. Navistar operates in three industry segments: truck; engine; and financial services. Its truck segment is engaged in the manufacture and marketing of medium and heavy trucks, including school buses. Its engine segment is engaged in the design and manufacture of mid-range diesel engines. The financial services operations consist of Navistar Financial Corp., its domestic insurance subsidiary and its foreign finance and insurance subsidiaries.” Get a free copy of the Zacks research report on Navistar International Corp (NAV).