ValuEngine upgraded shares of Navistar International (NYSE:NAV) from a sell rating to a hold rating in a report published on Monday, February 4th.
A number of other equities research analysts have also commented on NAV. Zacks Investment Research restated a hold rating and set a $37.00 price target on shares of Navistar International in a research report on Wednesday, November 14th. Royal Bank of Canada decreased their price objective on Navistar International to $32.00 and set a market perform rating on the stock in a research report on Wednesday, December 19th. Wells Fargo & Co decreased their price objective on Navistar International from $42.00 to $30.00 and set a market perform rating on the stock in a research report on Wednesday, December 19th. They noted that the move was a valuation call. Loop Capital upgraded Navistar International from a hold rating to a buy rating in a research report on Thursday, December 6th. Finally, Piper Jaffray Companies lowered Navistar International from an overweight rating to a neutral rating and set a $37.00 price objective on the stock. in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $41.21.
Shares of NAV stock traded up $0.78 during trading hours on Monday, hitting $39.15. The company had a trading volume of 544,943 shares, compared to its average volume of 367,868. Navistar International has a 12 month low of $23.69 and a 12 month high of $44.34. The firm has a market cap of $3.81 billion, a P/E ratio of 11.55, a P/E/G ratio of 2.13 and a beta of 2.32.
Navistar International (NYSE:NAV) last released its quarterly earnings data on Tuesday, December 18th. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.21. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.24 billion. Navistar International had a negative return on equity of 7.75% and a net margin of 3.32%. The company’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. On average, research analysts expect that Navistar International will post 3.6 earnings per share for the current fiscal year.
In related news, Director Stephen R. D’arcy purchased 3,500 shares of the business’s stock in a transaction dated Thursday, December 20th. The shares were bought at an average price of $26.69 per share, with a total value of $93,415.00. Following the purchase, the director now directly owns 3,383 shares in the company, valued at approximately $90,292.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 18.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of NAV. Northern Trust Corp raised its stake in Navistar International by 1.0% during the 2nd quarter. Northern Trust Corp now owns 609,747 shares of the company’s stock worth $24,829,000 after buying an additional 5,739 shares during the period. Fox Run Management L.L.C. bought a new position in Navistar International during the 3rd quarter worth about $528,000. Cerebellum GP LLC bought a new position in Navistar International during the 3rd quarter worth about $177,000. New Jersey Better Educational Savings Trust bought a new position in Navistar International during the 3rd quarter worth about $462,000. Finally, Supplemental Annuity Collective Trust of NJ bought a new position in Navistar International during the 3rd quarter worth about $809,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.
About Navistar International
Navistar International Corporation, through its subsidiaries, 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.
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