Goldman Sachs reissued their neutral rating on shares of Navistar (NYSE: NAV) in a report released on Friday.
“We view the development as a positive for Neutral-rated NAV as its (1) product development schedule is on track and (2) truck margin structure is significantly stronger on CMI 15 liter engines than proprietary 13-liter engines, contrary to consensus views. NAV’s truck production market share was 16% in January, up from 14% in December but below 17% in 2012. We maintain our Neutral rating as we continue to see meaningful execution risk, but moving to production on the 15 liter platform is clearly a positive.,” the firm’s analyst commented.
Shares of Navistar opened at 23.61 on Friday. Navistar has a 52 week low of $18.17 and a 52 week high of $43.06. The stock’s 50-day moving average is currently $25.23. The company’s market cap is $1.890 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a neutral rating on shares of Navistar in a research note to investors on Thursday, January 17th. They now have a $25.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Navistar from $27.00 to $24.00 in a research note to investors on Friday, December 21st. They now have a sector perform rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Navistar from $30.00 to $27.00 in a research note to investors on Thursday, December 20th. They now have a buy rating on the stock.
Six research analysts have rated the stock with a buy rating, one has issued an overweight rating, nine have assigned a hold rating, and three have given a sell rating to the stock. Navistar presently has a consensus rating of hold and an average price target of $26.64.
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