Published On: Wed, Sep 7th, 2016

Navistar International Corp. (NAV) PT Raised to $19.00

Navistar International Corp. (NYSE:NAV) had its price objective upped by investment analysts at Seaport Global Securities from $13.00 to $19.00 in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Seaport Global Securities’ price objective indicates a potential downside of 0.11% from the stock’s current price.
Navistar International Corp. (NYSE:NAV) traded down 3.89% on Wednesday, hitting $19.02. 4,978,739 shares of the stock were exchanged. The company has a 50-day moving average of $13.47 and a 200 day moving average of $12.38. The firm’s market cap is $1.55 billion. Navistar International Corp. has a 12 month low of $5.78 and a 12 month high of $23.45.
Other institutional investors recently bought and sold shares of the company. Badgley Phelps & Bell Inc. bought a new position in Navistar International Corp. during the first quarter valued at $417,000. Pacad Investment Ltd. bought a new position in Navistar International Corp. during the first quarter valued at $705,000. BlackRock Inc. boosted its position in Navistar International Corp. by 93.8% in the first quarter. BlackRock Inc. now owns 11,033 shares of the company’s stock valued at $138,000 after buying an additional 5,339 shares during the last quarter. BlackRock Group LTD boosted its position in Navistar International Corp. by 35.3% in the first quarter. BlackRock Group LTD now owns 46,759 shares of the company’s stock valued at $586,000 after buying an additional 12,212 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Navistar International Corp. by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,503,611 shares of the company’s stock valued at $18,825,000 after buying an additional 17,450 shares during the last quarter.

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NAV has been the topic of several other research reports. Stifel Nicolaus restated a “sell” rating and issued a $14.00 target price (up previously from $10.00) on shares of Navistar International Corp. in a report on Wednesday. Deutsche Bank AG began coverage on shares of Navistar International Corp. in a report on Tuesday. They issued a “hold” rating and a $14.00 target price on the stock. Jefferies Group restated a “buy” rating on shares of Navistar International Corp. in a report on Wednesday, June 8th. BMO Capital Markets restated a “hold” rating on shares of Navistar International Corp. in a report on Wednesday, June 8th. Finally, Citigroup cut shares of Navistar International Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 8th. Three research 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 company has a consensus rating of “Hold” and a consensus target price of $13.53.
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.

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