Navistar International (NYSE:NAV) Given New $32.00 Price Target at UBS Group

Navistar International (NYSE:NAV) had its price target lowered by UBS Group from $34.00 to $32.00 in a research note released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on NAV. Goldman Sachs Group raised shares of Navistar International from a sell rating to a neutral rating and set a $26.00 target price for the company in a research note on Friday, September 6th. Wells Fargo & Co decreased their target price on shares of Navistar International from $35.00 to $27.00 and set a market perform rating for the company in a research note on Thursday, September 5th. ValuEngine downgraded shares of Navistar International from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Loop Capital decreased their target price on shares of Navistar International to $38.00 and set a buy rating for the company in a research note on Tuesday, August 27th. Finally, Zacks Investment Research downgraded shares of Navistar International from a buy rating to a hold rating and set a $36.00 target price for the company. in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Navistar International has an average rating of Hold and an average target price of $35.11.

NAV stock opened at $29.55 on Wednesday. Navistar International has a 1 year low of $21.32 and a 1 year high of $43.12. The company has a market cap of $3.01 billion, a P/E ratio of 8.72, a PEG ratio of 0.49 and a beta of 2.23. The firm has a 50-day moving average of $26.07 and a 200 day moving average of $31.55.



Navistar International (NYSE:NAV) last released its quarterly earnings results on Wednesday, September 4th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.35. Navistar International had a net margin of 2.60% and a negative return on equity of 11.82%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the firm earned $1.71 earnings per share. Navistar International’s revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts anticipate that Navistar International will post 3.95 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Banco de Sabadell S.A bought a new stake in shares of Navistar International during the second quarter valued at approximately $1,814,000. Aperio Group LLC increased its position in shares of Navistar International by 9.9% during the second quarter. Aperio Group LLC now owns 14,330 shares of the company’s stock valued at $494,000 after acquiring an additional 1,287 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Navistar International during the second quarter valued at approximately $278,000. GSA Capital Partners LLP increased its position in shares of Navistar International by 81.7% during the second quarter. GSA Capital Partners LLP now owns 32,517 shares of the company’s stock valued at $1,120,000 after acquiring an additional 14,617 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Navistar International by 2.2% during the second quarter. Swiss National Bank now owns 82,900 shares of the company’s stock valued at $2,856,000 after acquiring an additional 1,800 shares in the last quarter. 78.46% of the stock is owned by institutional investors.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services.

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Analyst Recommendations for Navistar International (NYSE:NAV)

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