Notable Mover: What Next for Navistar International Corp Stock After Today’s Big Increase?

Notable Mover: What Next for Navistar International Corp Stock After Today's Big Increase?

The stock of Navistar International Corp (NYSE:NAV) is a huge mover today! About 201,577 shares traded hands. Navistar International Corp (NYSE:NAV) has risen 96.42% since April 28, 2016 and is uptrending. It has outperformed by 90.50% the S&P500.
The move comes after 8 months positive chart setup for the $2.66B company. It was reported on Dec, 1 by Barchart.com. We have $34.04 PT which if reached, will make NYSE:NAV worth $239.40 million more.

Analysts await Navistar International Corp (NYSE:NAV) to report earnings on December, 15. They expect $0.24 EPS, down 33.33% or $0.12 from last year’s $0.36 per share. NAV’s profit will be $20.44M for 32.53 P/E if the $0.24 EPS becomes a reality. After $-0.13 actual EPS reported by Navistar International Corp for the previous quarter, Wall Street now forecasts -284.62% EPS growth.

Navistar International Corp (NYSE:NAV) Ratings Coverage

Out of 16 analysts covering Navistar International Corporation (NYSE:NAV), 1 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 6% are positive. Navistar International Corporation has been the topic of 36 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, September 7 by Deutsche Bank. The firm has “Sell” rating given on Monday, July 27 by Goldman Sachs. The rating was maintained by Deutsche Bank on Sunday, September 6 with “Hold”. Zacks upgraded Navistar International Corp (NYSE:NAV) on Tuesday, September 1 to “Sell” rating. The firm earned “Neutral” rating on Thursday, September 3 by Macquarie Research. The firm has “Underperform” rating given on Tuesday, September 6 by Macquarie Research. Stifel Nicolaus initiated Navistar International Corp (NYSE:NAV) on Tuesday, October 6 with “Hold” rating. The rating was maintained by Piper Jaffray on Tuesday, September 1 with “Buy”. The firm has “Underperform” rating given on Friday, August 14 by BMO Capital Markets. The rating was downgraded by Piper Jaffray on Tuesday, June 28 to “Neutral”.

According to Zacks Investment Research, “Navistar International is a holding company and its principal operating subsidiary is Navistar Int’l Transportation Corp. Navistar operates in three industry segments: truck; engine; and financial services. Its truck segment is engaged in the manufacture and marketing of medium and heavy trucks, including school buses. Its engine segment is engaged in the design and manufacture of mid-range diesel engines. The financial services operations consist of Navistar Financial Corp., its domestic insurance subsidiary and its foreign finance and insurance subsidiaries.”

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 2.00, from 2 in 2016Q1. The ratio dropped, as 1 funds sold all Navistar International Corp shares owned while 0 reduced positions. 2 funds bought stakes while 0 increased positions. They now own 377,905 shares or 377805.00% more from 100 shares in 2016Q1.
Gotham Asset Mgmt Ltd Limited Liability Company accumulated 0.01% or 102,939 shares. Stanley Cap Mngmt Limited Liability accumulated 274,966 shares or 3.24% of the stock.

Insider Transactions: Since September 12, 2016, the stock had 0 insider purchases, and 1 insider sale for $74,844 net activity. HAMMES MICHAEL N sold $74,844 worth of stock or 4,000 shares.

More notable recent Navistar International Corp (NYSE:NAV) news were published by: Wsj.com which released: “Navistar International Swings to Surprise Profit” on June 07, 2016, also Fool.com with their article: “Better Buy: Westport Fuel Systems Inc. vs. Navistar International Corp.” published on August 08, 2016, Fool.com published: “Why Shares of Navistar International Corp Plunged 17% Today” on June 14, 2016. More interesting news about Navistar International Corp (NYSE:NAV) were released by: Bloomberg.com and their article: “VW Buys Stake in Icahn-Backed Navistar in Bet on U.S. Trucks” published on September 06, 2016 as well as Bloomberg.com‘s news article titled: “Navistar’s Quarterly Profit Misses Estimates as Sales Slump” with publication date: September 08, 2016.

NAV Company Profile

Navistar International Corporation (NIC), incorporated on May 26, 1993, is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The Firm is a maker of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a well-known provider of service parts for trucks and diesel engines. It also provides retail, wholesale, and lease financing of trucks and parts. The Firm operates in four reporting divisions, which comprises: North America Truck, North America Parts, Global Operations (collectively referred to as Manufacturing operations), and Financial Services. The Company’s principal services and products include Trucks, Parts, Engines and Financial Services.

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