Navistar International Corp (NAV) was Downgraded by Piper Jaffray to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Jun 28, 2016.
Many Wall Street Analysts have commented on Navistar International Corp. Stifel Downgraded Navistar International Corp on Jun 14, 2016 to ” Sell”, Price Target of the shares are set at $10.
On the company’s financial health, Navistar International Corp reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $-0.15. The company had revenue of $2197.00 million for the quarter, compared to analysts expectations of $2176.60 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.78 EPS.
Navistar International Corp closed down -0.86 points or -7.33% at $10.87 with 16,50,234 shares getting traded on Monday. Post opening the session at $11.65, the shares hit an intraday low of $10.73 and an intraday high of $11.66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Navistar International Corporation (NIC) is a holding company whose principal operating subsidiaries are Navistar Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks MaxxForce brand diesel engines IC Bus (IC) brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. It also provides retail wholesale and lease financing of trucks and parts. The Company operates in four reporting segments which comprises: North America Truck North America Parts Global Operations (collectively referred to as Manufacturing operations) and Financial Services. Its principal products and services include Trucks Parts Engines and Financial Services.