Navistar International Corporation (NAV) Increased to $40.93

VW's trucks division open to buying majority of Navistar

VW's trucks division open to buying majority of Navistar

Among other stocks in the group, Cummins (CMI) climbed 2.6%, Paccar (PCAR) rose 2.4%, Oshkosh (OSK) gained 1.3%, and Spartan Motors (SPAR) added 2.6%. It increased, as 1 investors sold Navistar International Corporation shares while 0 reduced holdings. 3 funds bought stakes and 0 increased stakes. Investors holded 81 in 2017Q3 but now own 242,095 shares or 298782.72% more. Westpac Bk Corporation reported 119,781 shs. Gotham Asset Management Ltd Company accumulated 117,714 shs.

Shares in Navistar, a laggard in the Trucks And Parts-Heavy Duty industry group with an IBD Composite Rating of 40, shot up 9.85% to close at 40.71 on the stock market today. It has outperformed by 20.12% the S&P500.

The move comes after 5 months positive chart setup for the $4.06 billion company. It was announced on April, 16 by Barchart.com.

Navistar International (NYSE:NAV) last released its quarterly earnings results on Thursday, March 8th. They expect $0.31 earnings per share, up 142.47 % or $1.04 from last year's $-0.73 per share. NAV's profit will be $30.59M for 33.14 P/E if the $0.31 EPS becomes a reality. After $-0.24 actual EPS reported by Navistar International Corporation for the previous quarter, Wall Street now forecasts -229.17 % EPS growth. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The positive are 50%. Navistar had 20 analyst reports since November 2, 2017 according to SRatingsIntel. Stifel Nicolaus set a $52.00 target price on Navistar International and gave the company a "buy" rating in a report on Friday, February 9th. On Tuesday, December 19 the firm has "Buy" rating given by Stifel Nicolaus. On Thursday, March 1 the firm earned "Overweight" rating by PiperJaffray. Navistar International Corp now has an average rating of "Hold" and an average target price of $20.84. Finally, RBC Capital Markets restated a "sector perform" rating and set a $28.00 target price (up previously from $21.00) on shares of Navistar International Corp in a research report on Wednesday, December 21st. On Thursday, January 4 the rating was maintained by Stifel Nicolaus with "Buy". On Thursday, November 2 the firm has "Hold" rating by Stifel Nicolaus given. The rating was upgraded by Gabelli on Friday, March 9 to "Buy". In Tuesday, December 19 report Robert W. Baird maintained it with "Buy" rating and $51.0 target.

Volkswagen (VW) plans to convert its trucks division, which includes the Scania and MAN brands and a Brazil-based commercial vehicles business, into a public limited company as a prelude to a potential stock market listing. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services. It has a 210.72 P/E ratio. It manufactures 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 worldwide and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.