What Will The Effects of a Buckingham Research Upgrade Be For Navistar (NYSE:NAV) Shares?

September 8, 2018 - By Kristin Houston

Navistar International Corporation (NYSE:NAV) Logo

Investors sentiment is 3 in 2018 Q1. Its the same as in 2017Q4. It is the same, as 1 investors sold Navistar International Corporation shares while 0 reduced holdings. only 1 funds opened positions while 2 raised stakes. 383,011 shares or 58.21% more from 242,095 shares in 2017Q4 were reported.

Horizon Kinetics Ltd Company invested 0.01% of its portfolio in Navistar International Corporation (NYSE:NAV). Westpac Banking Corp reported 152,049 shares stake. 218,874 are held by Gotham Asset Mgmt Limited Liability Corp.

Navistar (NYSE:NAV) Stock Upgrade

Navistar (NYSE:NAV)‘s stock was upgraded to a solid “Buy” by expert analysts at Buckingham Research. NAV’s past “Neutral” rating is has been discontinued by the brokerage firm.

Navistar International Corporation (NYSE:NAV) Ratings Coverage

Among 7 analysts covering Navistar (NYSE:NAV), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Navistar has $5300 highest and $38 lowest target. $47’s average target is 23.95% above currents $37.92 stock price. Navistar had 7 analyst reports since March 9, 2018 according to SRatingsIntel. The stock of Navistar International Corporation (NYSE:NAV) earned “Buy” rating by Longbow on Friday, June 1. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, June 6 report. The firm has “Buy” rating given on Friday, March 9 by Susquehanna. Gabelli upgraded the shares of NAV in report on Friday, March 9 to “Buy” rating. The stock of Navistar International Corporation (NYSE:NAV) has “Buy” rating given on Wednesday, April 25 by Piper Jaffray. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 10 report. The rating was upgraded by Buckingham Research on Friday, September 7 to “Buy”.

The stock increased 2.05% or $0.76 during the last trading session, reaching $37.92. About 1.56 million shares traded or 167.56% up from the average. Navistar International Corporation (NYSE:NAV) has risen 44.77% since September 8, 2017 and is uptrending. It has outperformed by 32.20% the S&P500.

Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company has market cap of $3.75 billion. The firm operates through four divisions: Truck, Parts, Global Operations, and Financial Services. It has a 13.19 P/E ratio. It makes and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

More notable recent Navistar International Corporation (NYSE:NAV) news were published by: Seekingalpha.com which released: “Stocks To Watch: Time To Talk Valuation” on September 01, 2018, also Seekingalpha.com with their article: “Navistar raised FY2018 guidance” published on September 06, 2018, Seekingalpha.com published: “Navistar International Corporation (NAV) CEO Troy Clarke on Q3 2018 Results – Earnings Call Transcript” on September 06, 2018. More interesting news about Navistar International Corporation (NYSE:NAV) were released by: Benzinga.com and their article: “Earnings Scheduled For September 6, 2018” published on September 06, 2018 as well as Benzinga.com‘s news article titled: “Buckingham Turns Bullish On Navistar After Strong Q3” with publication date: September 07, 2018.

Navistar International Corporation (NYSE:NAV) Ratings Chart

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