Navistar International Corporation (NYSE:NAV) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research firms have also recently weighed in on NAV. UBS AG reissued a “neutral” rating and set a $31.00 price objective (up previously from $29.00) on shares of Navistar International Corporation in a report on Sunday, June 11th. Wells Fargo & Company reissued a “market perform” rating and set a $32.00 price objective (up previously from $26.50) on shares of Navistar International Corporation in a report on Friday, June 9th. Jefferies Group LLC reissued a “buy” rating and set a $35.00 price objective on shares of Navistar International Corporation in a report on Friday, June 9th. Stifel Nicolaus reissued a “hold” rating and set a $26.00 price objective (up previously from $24.00) on shares of Navistar International Corporation in a report on Friday, June 9th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $27.00 price objective on shares of Navistar International Corporation in a report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.29.

Navistar International Corporation (NYSE:NAV) last released its quarterly earnings data on Wednesday, June 7th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.65. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year.

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In other news, major shareholder Truck & Bus Gmbh Volkswagen acquired 43,501 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were purchased at an average cost of $29.25 per share, for a total transaction of $1,272,404.25. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders purchased 434,864 shares of company stock worth $12,752,006. 21.80% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its position in Navistar International Corporation by 44.6% in the first quarter. First Trust Advisors LP now owns 268,537 shares of the company’s stock worth $6,611,000 after buying an additional 82,866 shares during the period. Sanders Morris Harris Inc. purchased a new position in Navistar International Corporation during the first quarter worth $1,999,000. Suffolk Capital Management LLC purchased a new position in Navistar International Corporation during the first quarter worth $1,406,000. Strs Ohio purchased a new position in Navistar International Corporation during the first quarter worth $901,000. Finally, Quantitative Investment Management LLC purchased a new position in Navistar International Corporation during the first quarter worth $3,111,000. Hedge funds and other institutional investors own 82.35% of the company’s stock.

About Navistar International Corporation

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).

Analyst Recommendations for Navistar International Corporation (NYSE:NAV)

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