Navistar Defense Nets $369 Million Order for 2200-plus Tactical Vehicles

Navistar worldwide Corporation has dropped 28.57% during the last 3-month period. Longbow Research reaffirmed a “buy” rating on shares of Navistar global Corp in a research note on Friday, June 5th.

Now the company Insiders own 0.1% of Navistar global Corporation Company shares. Equity Analysts at the Firm lowers the price target to $20 per share from $24 per share. Navistar global Corp’s revenue for the quarter was down 10.8% compared to the same quarter previous year.

A number of other brokerages have also recently issued reports on NAV. Zacks cut shares of Navistar global Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 26th. Several analysts have commented on the company rating.

Navistar global Corporation (NYSE:NAV): On Thursday heightened volatility was witnessed in Navistar worldwide Corporation (NYSE:NAV) which led to swings in the share price. Finally, Piper Jaffray reissued a buy rating and issued a $39.00 price objective on shares of Navistar worldwide Corp in a research report on Tuesday, September 1st. The shares opened for trading at $18.11 and hit $18.89 on the upside, eventually ending the session at $18.2, with a gain of 1.68% or 0.3 points. The stock was bought at an average cost of $18.53 per share, with a total value of $14,824,000.00. The daily volume was measured at 1,373,777 shares. The firm’s market cap is $1.49 billion. Institutional Investors own 75.2% of Company shares.

The company ended the quarter with $775 million in cash and cash equivalents. Deutsche Bank reduced their price objective on shares of Navistar global Corp from $32.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, June 8th.

The contract worth $369 million has been awarded to the Navistar worldwide Corporation (NYSE: NAV) – a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, proprietary diesel engines, and IC Bus™ brand school and commercial buses. In addition, it is a private-label designer and manufacturer of diesel engines for the pickup truck, van and sport utility vehicle (SUV) markets. Additionally, it provides let funding of trucks and components, wholesale, and retail. The Company operates in four reporting segments, which includes: North America Truck, North America Parts, global Operations (collectively referred to as Manufacturing operations), and Financial Services. In February 2013, Mahindra And Mahindra Ltd purchased the Navistar Groups stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL).