Media headlines about Navistar International Corp (NYSE:NAV) have trended somewhat positive this week, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Navistar International Corp earned a coverage optimism score of 0.11 on Alpha One’s scale. Alpha One also assigned news coverage about the company an impact score of 89 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected AlphaOne Sentiment Analysis’s rankings:
- Industry Looks Beyond Batteries to Power Longhaul Electric Tractors (ttnews.com)
- Navistar International Corporation (NYSE:NAV): Technical Valuation Breakdown – Lenox Ledger (lenoxledger.com)
- New $12M distribution center to break ground near Dayton – Dayton Business Journal (bizjournals.com)
- Unusual Activity Spotted in Navistar International Corp (NAV) – Lenox Ledger (lenoxledger.com)
- Navistar International Corp (NAV) Short-Term Signal Update – Stock Press Daily (stockpressdaily.com)
Navistar International Corp (NYSE:NAV) last announced its quarterly earnings results on Tuesday, March 7th. The company reported ($0.76) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.33. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business posted ($0.40) EPS. The business’s revenue was down 5.8% compared to the same quarter last year.
NAV has been the subject of a number of research reports. Jefferies Group LLC reissued a “buy” rating and set a $35.00 price target on shares of Navistar International Corp in a research report on Thursday, April 6th. Royal Bank of Canada reissued a “hold” rating and set a $28.00 price target on shares of Navistar International Corp in a research report on Tuesday, May 9th. Stifel Nicolaus raised Navistar International Corp from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research report on Wednesday, March 8th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Navistar International Corp in a research report on Thursday, April 6th. Finally, Barclays PLC set a $17.00 target price on Navistar International Corp and gave the stock a “sell” rating in a research report on Saturday, April 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.42.
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In other news, major shareholder Carl C. Icahn purchased 423,404 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was bought at an average price of $25.58 per share, with a total value of $10,830,674.32. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Carl C. Icahn purchased 34,032 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were purchased at an average cost of $25.77 per share, with a total value of $877,004.64. The disclosure for this purchase can be found here. Corporate insiders own 21.80% of the company’s stock.
About Navistar International Corp
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).
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