Analysis: Navistar International Corporation (NYSE:NAV) Target Raised Today
In an analyst research report disseminated by UBS Securities on Friday, 18 December, the firm, Navistar International Corporation (NYSE:NAV), had their target price per share cut to $8.00. Analusts now have a solid “Neutral” rating on the stock.
From a total of 21 analysts covering Navistar International Corporation (NYSE:NAV) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $32 while the lowest target price is $2. The mean of all analyst targets is $15.57 with a 115.91% above today’s ($8.55) stock price. Navistar International Corporation was the topic of 22 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 3.20 million shares of stock traded hands or 74.86% up from the average. Navistar International Corp (NYSE:NAV) has declined 72.61% since May 15, 2015 and is downtrending. It has underperformed by 68.81% the S&P500.
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 $679.44 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.”