Deutsche Bank AG Raises Navistar International Corporation (NAV) Price Target to $36.00

Navistar International Corporation (NYSE:NAV) had its price target raised by Deutsche Bank AG from $26.00 to $36.00 in a research report sent to investors on Thursday morning. Deutsche Bank AG currently has a hold rating on the stock.

Other analysts have also recently issued reports about the stock. UBS AG restated a neutral rating and set a $31.00 price target (up from $29.00) on shares of Navistar International Corporation in a research note on Sunday, June 11th. Jefferies Group LLC restated a buy rating and set a $35.00 price target on shares of Navistar International Corporation in a research note on Friday, July 21st. Stifel Nicolaus restated a hold rating and set a $26.00 price target (up from $24.00) on shares of Navistar International Corporation in a research note on Friday, June 9th. Zacks Investment Research cut shares of Navistar International Corporation from a hold rating to a strong sell rating in a research note on Tuesday, August 8th. Finally, Wells Fargo & Company restated a market perform rating and set a $32.00 price target (up from $26.50) on shares of Navistar International Corporation in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $31.73.

Shares of Navistar International Corporation (NYSE:NAV) traded up 1.81% on Thursday, hitting $38.89. 904,375 shares of the stock traded hands. Navistar International Corporation has a 52 week low of $18.07 and a 52 week high of $39.00. The stock’s market cap is $3.82 billion. The stock has a 50 day moving average price of $31.71 and a 200-day moving average price of $27.85.

Navistar International Corporation (NYSE:NAV) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.42) earnings per share. On average, equities research analysts forecast that Navistar International Corporation will post ($0.63) EPS for the current year.

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In other news, major shareholder Truck & Bus Gmbh Volkswagen bought 25,367 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $29.90 per share, with a total value of $758,473.30. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 499,781 shares of company stock worth $14,693,815 in the last ninety days. 21.80% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Proxima Capital Management LLC increased its holdings in shares of Navistar International Corporation by 7.5% in the 2nd quarter. Proxima Capital Management LLC now owns 215,000 shares of the company’s stock worth $5,639,000 after buying an additional 15,000 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Navistar International Corporation by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after buying an additional 430 shares during the last quarter. Castleark Management LLC bought a new position in shares of Navistar International Corporation in the 2nd quarter worth $6,176,000. The Manufacturers Life Insurance Company increased its holdings in shares of Navistar International Corporation by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,180 shares of the company’s stock worth $1,054,000 after buying an additional 1,086 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Navistar International Corporation by 2.5% in the 2nd quarter. State Street Corp now owns 1,012,715 shares of the company’s stock worth $26,565,000 after buying an additional 25,176 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

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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