RBC Capital analyst Seth Weber maintained a Hold rating on Navistar (NAV) on March 4 and set a price target of $35.00. The company’s shares closed last Monday at $31.27.
According to TipRanks.com, Weber is a 4-star analyst with an average return of 7.6% and a 51.7% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings, BrightView Holdings, and Manitowoc Company.
Navistar has an analyst consensus of Hold, with a price target consensus of $34.00, representing a 7.4% upside. In a report issued on March 3, Loop Capital Markets also downgraded the stock to Hold with a $37.00 price target.
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Based on Navistar’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.84 billion and GAAP net loss of $36 million. In comparison, last year the company earned revenue of $2.43 billion and had a net profit of $11 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NAV in relation to earlier this year. Most recently, in December 2019, Mark Rachesky, a Director at NAV bought 5,000 shares for a total of $105,050.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services.
