Navistar International (NYSE:NAV) was upgraded by equities research analysts at Loop Capital from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports.
A number of other analysts have also weighed in on NAV. ValuEngine lowered shares of Navistar International from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Navistar International in a research note on Wednesday, November 14th. Buckingham Research raised shares of Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, September 7th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies lowered shares of Navistar International from an “overweight” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.
Shares of NAV opened at $28.69 on Thursday. The firm has a market cap of $2.98 billion, a PE ratio of 10.27, a P/E/G ratio of 1.59 and a beta of 2.31. Navistar International has a 12-month low of $28.25 and a 12-month high of $47.73.
Navistar International (NYSE:NAV) last issued its earnings results on Thursday, September 6th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.78. Navistar International had a net margin of 3.01% and a negative return on equity of 6.45%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. As a group, sell-side analysts predict that Navistar International will post 3.22 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in Navistar International by 87.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,604 shares of the company’s stock worth $139,000 after purchasing an additional 1,677 shares in the last quarter. Teachers Advisors LLC raised its holdings in Navistar International by 2.1% in the third quarter. Teachers Advisors LLC now owns 98,940 shares of the company’s stock worth $3,809,000 after purchasing an additional 2,007 shares in the last quarter. Sageworth Trust Co raised its holdings in Navistar International by 400.0% in the third quarter. Sageworth Trust Co now owns 3,500 shares of the company’s stock worth $135,000 after purchasing an additional 2,800 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Navistar International by 4.8% in the third quarter. Alliancebernstein L.P. now owns 85,940 shares of the company’s stock worth $3,309,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Global X Management Co LLC raised its holdings in Navistar International by 20.9% in the second quarter. Global X Management Co LLC now owns 23,073 shares of the company’s stock worth $940,000 after purchasing an additional 3,989 shares in the last quarter. Institutional investors and hedge funds own 74.11% of the company’s stock.
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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