Navistar International Corp (NYSE:NAV) has been assigned a consensus rating of “Buy” from the seventeen analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.92.
NAV has been the topic of a number of analyst reports. Longbow Research raised Navistar International from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.06 to $50.00 in a research note on Friday, June 1st. Royal Bank of Canada reissued a “hold” rating and issued a $44.00 price target on shares of Navistar International in a research note on Thursday, July 19th. Zacks Investment Research raised Navistar International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Monday, September 3rd. ValuEngine downgraded Navistar International from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Buckingham Research raised Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, September 7th. They noted that the move was a valuation call.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NAV. State Board of Administration of Florida Retirement System increased its position in shares of Navistar International by 15.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 39,083 shares of the company’s stock valued at $1,367,000 after buying an additional 5,303 shares in the last quarter. Swiss National Bank increased its position in shares of Navistar International by 2.8% in the 1st quarter. Swiss National Bank now owns 76,900 shares of the company’s stock valued at $2,689,000 after buying an additional 2,100 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Navistar International by 12.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 317,763 shares of the company’s stock valued at $11,113,000 after buying an additional 35,140 shares in the last quarter. KBC Group NV bought a new stake in shares of Navistar International in the 1st quarter valued at $580,000. Finally, Northern Trust Corp increased its position in shares of Navistar International by 0.8% in the 1st quarter. Northern Trust Corp now owns 604,008 shares of the company’s stock valued at $21,122,000 after buying an additional 4,776 shares in the last quarter. Institutional investors and hedge funds own 79.99% of the company’s stock.
NYSE:NAV traded down $1.01 during trading hours on Friday, hitting $41.96. 12,081 shares of the stock were exchanged, compared to its average volume of 737,307. Navistar International has a twelve month low of $31.56 and a twelve month high of $47.73. The company has a debt-to-equity ratio of -0.90, a quick ratio of 0.81 and a current ratio of 1.14. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 84.06, a P/E/G ratio of 2.72 and a beta of 2.33.
Navistar International (NYSE:NAV) last posted its quarterly earnings results on Thursday, September 6th. The company reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.78. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.67 billion. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. equities analysts predict that Navistar International will post 3.05 EPS for the current fiscal year.
Navistar International Company Profile
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. The company operates through four segments: Truck, Parts, Global Operations, and Financial Services. 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 International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.
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