Navistar International Corp (NYSE:NAV) has received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $42.50.
A number of brokerages have recently weighed in on NAV. Royal Bank of Canada restated a “hold” rating and set a $45.00 price target on shares of Navistar International in a research note on Thursday. Gabelli lowered Navistar International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. BMO Capital Markets upped their target price on Navistar International from $25.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, December 22nd. Wells Fargo & Co upped their target price on Navistar International from $41.00 to $45.00 and gave the company a “market perform” rating in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered Navistar International from a “hold” rating to a “sell” rating in a research report on Tuesday.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Navistar International by 2.3% in the second quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock valued at $110,673,000 after acquiring an additional 96,310 shares during the period. Impala Asset Management LLC acquired a new position in Navistar International in the second quarter valued at approximately $29,727,000. Dimensional Fund Advisors LP lifted its holdings in Navistar International by 26.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock valued at $46,318,000 after acquiring an additional 219,123 shares during the period. State Street Corp lifted its holdings in Navistar International by 2.5% in the second quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after acquiring an additional 25,176 shares during the period. Finally, Northern Trust Corp lifted its holdings in Navistar International by 1.5% in the second quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock valued at $16,189,000 after acquiring an additional 9,127 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.
Shares of Navistar International (NYSE NAV) traded down $0.63 during mid-day trading on Tuesday, hitting $45.40. The stock had a trading volume of 744,143 shares, compared to its average volume of 652,533. Navistar International has a 1-year low of $22.89 and a 1-year high of $47.47. The stock has a market capitalization of $4,460.00, a price-to-earnings ratio of 504.44, a price-to-earnings-growth ratio of 4.97 and a beta of 2.71. The company has a debt-to-equity ratio of -0.85, a current ratio of 1.14 and a quick ratio of 0.91.
Navistar International (NYSE:NAV) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.71. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm earned ($0.42) earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. equities analysts expect that Navistar International will post 1.76 earnings per share for the current year.
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About Navistar International
Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).
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