Stock On Watch: What’s Propelling Navistar International Corp to Reach 52-Week High?

Stock On Watch: What's Propelling Navistar International Corp to Reach 52 Week High?

The stock of Navistar International Corp (NYSE:NAV) hit a new 52-week high and has $32.47 target or 5.00% above today’s $30.92 share price. The 8 months bullish chart indicates low risk for the $2.63B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $32.47 price target is reached, the company will be worth $131.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 324,273 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.

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 $20.41 million for 32.21 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 rating was upgraded by Zacks to “Sell” on Tuesday, September 1. The firm has “Underweight” rating given on Wednesday, September 2 by JP Morgan. The firm has “Hold” rating by Deutsche Bank given on Sunday, September 6. The firm has “Sell” rating by Goldman Sachs given on Monday, July 27. The stock of Navistar International Corp (NYSE:NAV) earned “Neutral” rating by Global Hunter Securities on Monday, September 28. As per Friday, September 16, the company rating was maintained by UBS. The stock of Navistar International Corp (NYSE:NAV) has “Neutral” rating given on Thursday, September 3 by DA Davidson. The firm has “Underperform” rating given on Friday, August 14 by BMO Capital Markets. Stifel Nicolaus initiated the stock with “Hold” rating in Tuesday, October 6 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, September 12 report.

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 2016 Q2. Its down 2.00, from 2 in 2016Q1. The ratio dived, 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 Mngmt Ltd Liability Corp last reported 102,939 shares in the company. Stanley Ltd accumulated 3.24% or 274,966 shares.

Insider Transactions: Since September 12, 2016, the stock had 0 buys, and 1 sale for $74,844 net activity. HAMMES MICHAEL N also sold $74,844 worth of Navistar International Corp (NYSE:NAV) 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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