UBS Maintains Navistar International Corp to Neutral with Price Target $20.00

Brokerage firm UBS Maintains its rating on Navistar International Corp(NYSE:NAV). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Sep 16, 2016.

In a different note, On Sep 9, 2016, Goldman Sachs said it Upgrades its rating on Navistar International Corp. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 9, 2016, Baird said it Maintains its rating on Navistar International Corp. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 9, 2016, Deutsche Bank said it Maintains its rating on Navistar International Corp. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Hold’ by the firm. On Sep 7, 2016, Seaport global said it Maintains its rating on Navistar International Corp. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Neutral’ by the firm. Deutsche Bank said it Initiates Coverage on Navistar International Corp, according to a research note issued on Sep 7, 2016. The shares have been rated ‘Hold’ by the firm. On Jun 28, 2016, Piper Jaffray said it Downgrades its rating on Navistar International Corp. The shares have been rated ‘Neutral’ by the firm.

Navistar International Corp (NAV) shares turned negative on Thursdays trading session with the shares closing down -0.27 points or -1.20% at a volume of 14,40,763. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.92. The peak price level was also seen at $22.92 while the days lowest was $21.92. Finally the shares closed at $22.18. The 52-week high of the shares is $23.45 while the 52-week low is $5.775. According to the latest information available, the market cap of the company is $1,810 M.

Navistar International Corp(NAV) last announced its earnings results on Sep 8, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.09B. Analysts had an estimated revenue of $2.21B. Earnings per share were $-0.13. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. 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.

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