The BMO Capital Markets Reiterates “Hold” Rating for Navistar International Corp. (NAV)

The BMO Capital Markets Reiterates “Hold” Rating for Navistar International Corp. (NAV)

BMO Capital Markets reiterated their hold rating on shares of Navistar International Corp. (NYSE:NAV) in a research report report published on Friday morning. The brokerage currently has a $25.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG reissued a hold rating and issued a $32.00 price target (up previously from $21.00) on shares of Navistar International Corp. in a research note on Friday, December 23rd. Aegis began coverage on shares of Navistar International Corp. in a research note on Friday, December 23rd. They issued a buy rating and a $36.00 price target on the stock. Zacks Investment Research cut shares of Navistar International Corp. from a buy rating to a hold rating in a research note on Thursday, December 22nd. RBC Capital Markets reissued a sector perform rating and issued a $28.00 price target (up previously from $21.00) on shares of Navistar International Corp. in a research note on Wednesday, December 21st. Finally, Jefferies Group reissued a buy rating and issued a $35.00 price target on shares of Navistar International Corp. in a research note on Wednesday, December 21st. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $20.18.

Shares of Navistar International Corp. (NYSE:NAV) opened at 29.03 on Friday. The stock has a 50 day moving average of $30.83 and a 200 day moving average of $21.91. The stock’s market cap is $2.37 billion. Navistar International Corp. has a 52 week low of $6.24 and a 52 week high of $33.46.

Navistar International Corp. (NYSE:NAV) last released its quarterly earnings results on Tuesday, December 20th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.67. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company earned ($0.62) earnings per share. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. On average, analysts expect that Navistar International Corp. will post $0.22 earnings per share for the current year.

In related news, Director Stephen R. D’arcy acquired 1,000 shares of Navistar International Corp. stock in a transaction that occurred on Wednesday, December 21st. The shares were purchased at an average cost of $31.78 per share, for a total transaction of $31,780.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $31,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael N. Hammes sold 1,667 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $31.81, for a total transaction of $53,027.27. Following the completion of the sale, the director now owns 6,928 shares in the company, valued at $220,379.68. The disclosure for this sale can be found here. 21.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of NAV. BNP Paribas Arbitrage SA raised its stake in shares of Navistar International Corp. by 25.5% in the second quarter. BNP Paribas Arbitrage SA now owns 13,365 shares of the company’s stock valued at $156,000 after buying an additional 2,712 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Navistar International Corp. by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 253,445 shares of the company’s stock valued at $2,962,000 after buying an additional 8,552 shares during the period. Towle & Co. raised its stake in shares of Navistar International Corp. by 0.4% in the second quarter. Towle & Co. now owns 1,509,560 shares of the company’s stock valued at $17,647,000 after buying an additional 6,720 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Navistar International Corp. during the second quarter valued at about $1,223,000. Finally, California Public Employees Retirement System raised its stake in shares of Navistar International Corp. by 8.8% in the second quarter. California Public Employees Retirement System now owns 314,500 shares of the company’s stock valued at $3,676,000 after buying an additional 25,500 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

About Navistar International Corp.

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).

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