Navistar International Corp (NAV) was Reiterated by UBS to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $11 . UBS advised their investors in a research report released on Sep 16, 2016.
Many Wall Street Analysts have commented on Navistar International Corp. Company shares were Reiterated by RBC Capital Mkts on Sep 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $13 .Navistar International Corp was Upgraded by Goldman to ” Neutral” on Sep 9, 2016. Deutsche Bank Initiated Navistar International Corp on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $14.
On the company’s financial health, Navistar International Corp reported $-0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.60 based on the information available during the earnings call on Sep 8, 2016. Analyst had a consensus of $0.18. The company had revenue of $2086.00 million for the quarter, compared to analysts expectations of $2194.04 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Navistar International Corp opened for trading at $18.88 and hit $19.21 on the upside on Wednesday, eventually ending the session at $19.05, with a gain of 1.33% or 0.25 points. The heightened volatility saw the trading volume jump to 952,401 shares. Company has a market cap of $1,555 M.
In a different news, on Sep 14, 2016, Michael N Hammes (director) sold 4,000 shares at $18.71 per share price.
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.