Piper Jaffray Analysts Give Navistar International (NAV) a $44.00 Price Target
Piper Jaffray set a $44.00 price target on Navistar International (NYSE:NAV) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the stock. Piper Jaffray also issued estimates for Navistar International’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.73 EPS, FY2018 earnings at $2.54 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.25 EPS, Q4 2019 earnings at $2.19 EPS, FY2019 earnings at $4.53 EPS, FY2020 earnings at $3.97 EPS, FY2021 earnings at $5.82 EPS and FY2022 earnings at $7.31 EPS.
NAV has been the topic of several other reports. Zacks Investment Research raised Navistar International from a sell rating to a strong-buy rating and set a $44.00 target price on the stock in a research report on Tuesday, February 20th. Susquehanna Bancshares set a $49.00 target price on Navistar International and gave the stock a buy rating in a research report on Friday, March 9th. Stifel Nicolaus set a $52.00 target price on Navistar International and gave the stock a buy rating in a research report on Friday, February 9th. JPMorgan Chase dropped their target price on Navistar International from $45.00 to $38.00 and set a neutral rating on the stock in a research report on Tuesday, April 10th. Finally, ValuEngine lowered Navistar International from a buy rating to a hold rating in a research report on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $43.75.
NAV stock traded down $0.47 during mid-day trading on Wednesday, hitting $35.50. The stock had a trading volume of 493,452 shares, compared to its average volume of 1,129,909. The company has a debt-to-equity ratio of -0.91, a current ratio of 1.22 and a quick ratio of 0.91. Navistar International has a 1-year low of $24.75 and a 1-year high of $47.73. The firm has a market cap of $3,541.22, a P/E ratio of 69.61, a PEG ratio of 3.58 and a beta of 2.49.
A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Navistar International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 506,696 shares of the company’s stock valued at $21,726,000 after purchasing an additional 2,217 shares during the period. Alliancebernstein L.P. boosted its stake in Navistar International by 5.4% during the 4th quarter. Alliancebernstein L.P. now owns 87,910 shares of the company’s stock valued at $3,770,000 after purchasing an additional 4,510 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Navistar International by 4.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 282,623 shares of the company’s stock valued at $12,119,000 after purchasing an additional 11,323 shares during the period. Alambic Investment Management L.P. bought a new stake in Navistar International during the 4th quarter valued at approximately $513,000. Finally, SG3 Management LLC boosted its stake in Navistar International by 60.0% during the 4th quarter. SG3 Management LLC now owns 32,000 shares of the company’s stock valued at $1,372,000 after purchasing an additional 12,000 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.
About Navistar International
Navistar International Corporation 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. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.
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