Navistar (NYSE: NAV) posted its quarterly earnings results on Monday. The company reported ($4.39) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.18) by $3.21, StockRatingsNetwork.com reports. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter last year, the company posted ($1.99) earnings per share. Navistar’s revenue was down 22.5% compared to the same quarter last year.
A number of research firms have also recently commented on NAV. Analysts at Zacks upgraded shares of Navistar from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, May 22nd. They now have a $40.00 price target on the stock. On a related note, analysts at Global Hunter Securities initiated coverage on shares of Navistar in a research note to investors on Wednesday, April 24th. They set a “neutral” rating on the stock.
Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.00.
Navistar International Corporation (NYSE: NAV) is a holding company, whose principal operating subsidiaries are Navistar, Inc.
