Navistar International Corporat (NYSE:NAV):
Navistar Appoints Three New Directors.
The company is so far trading up from yesterday’s close of $22.31.
Shares of the company are trading at $22.38 a bit higher than the 50 day moving average of $21.92 and which is marginally over the 200 day moving average of $15.19. The 50 day moving average was up $0.46 and the 200 day average went up $7.19 or +47.38%.
As of the last earnings report the EPS was $-1.38 and is expected to be $-0.48 for the current year with 81,616,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $-0.21 with next year’s EPS anticipated to be $0.61.
Several brokerages have issued ratings on the stock. On October 11 Jefferies left the company rating at “Buy” and moved down the price target to $35.00 from $40.00. September 16 investment analysts at UBS kept the company rating at “Neutral” and raised the price expectation from $18.00 to $20.00.
September 9 investment analysts at Deutsche Bank held the stock rating at “Hold” but raised the price expectation from $14.00 to $21.00. On September 9 Baird held the company rating at “Neutral” but raised the price target to $20.00 from $12.00.
On September 9 the company was upgraded to “Neutral” from “Sell” with a current price target of $20.00 in a statement from Goldman Sachs. Equity analyst Goldman Sachs raised the price target and upgraded the stock on September 9 changing the price target from $15.00 to $20.00 and raising the rating from “Sell” to “Neutral”.