News stories about Navistar International Corporation (NYSE:NAV) have been trending positive this week, according to Alpha One Sentiment. The research firm, a service of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Navistar International Corporation earned a media sentiment score of 0.37 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 92 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected AlphaOne Sentiment’s rankings:
- Navistar International Corporation (NAV) Earns “Buy” Rating from Jefferies Group LLC (americanbankingnews.com)
- Navistar International : INTERNATIONAL TRUCK FIRST NORTH AMERICAN OEM TO OFFER STANDARD AIR DISC BRAKES ON ALL AXLES OF LONG HAUL TRACTOR (4-traders.com)
- Navistar Wins Foreign Sales Contract Worth $18.8 Million (finance.yahoo.com)
- Stock Traders Purchase Large Volume of Put Options on Navistar International Corporation (NAV) (americanbankingnews.com)
- Navistar (NYSE:NAV) Rating Reiterated by Analysts at Jefferies Today (campdesrecrues.com)
Shares of Navistar International Corporation (NAV) traded down 2.10% during mid-day trading on Friday, hitting $26.55. The stock had a trading volume of 814,452 shares. The firm’s market cap is $2.61 billion. Navistar International Corporation has a 12 month low of $10.41 and a 12 month high of $33.46. The stock’s 50-day moving average is $27.27 and its 200 day moving average is $27.69.
Navistar International Corporation (NYSE:NAV) last issued its earnings results on Wednesday, June 7th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.65. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. Equities research analysts predict that Navistar International Corporation will post ($0.79) earnings per share for the current fiscal year.
Several research analysts recently issued reports on NAV shares. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Navistar International Corporation in a research note on Tuesday, May 9th. Seaport Global Securities reissued a “neutral” rating on shares of Navistar International Corporation in a research note on Thursday, April 6th. Robert W. Baird raised Navistar International Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $32.00 to $33.00 in a research note on Monday, June 5th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Navistar International Corporation in a research note on Friday, June 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Navistar International Corporation in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.58.
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About Navistar International Corporation
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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