ValuEngine cut shares of Navistar International (NYSE:NAV) from a buy rating to a hold rating in a research report released on Thursday morning.
A number of other research firms have also weighed in on NAV. Royal Bank of Canada reaffirmed a hold rating and issued a $44.00 price objective on shares of Navistar International in a research note on Thursday, July 19th. Zacks Investment Research raised shares of Navistar International from a hold rating to a buy rating and set a $48.00 price objective on the stock in a research note on Monday. Finally, Longbow Research raised shares of Navistar International from a neutral rating to a buy rating and raised their price objective for the company from $25.06 to $50.00 in a research note on Friday, June 1st. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Navistar International presently has a consensus rating of Buy and a consensus price target of $45.81.
Shares of Navistar International stock traded down $0.56 during trading hours on Thursday, reaching $36.60. The company’s stock had a trading volume of 23,008 shares, compared to its average volume of 460,814. Navistar International has a one year low of $31.56 and a one year high of $47.73. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 73.53, a price-to-earnings-growth ratio of 3.87 and a beta of 2.33. The company has a current ratio of 1.11, a quick ratio of 0.82 and a debt-to-equity ratio of -0.85.
Navistar International (NYSE:NAV) last released its quarterly earnings data on Thursday, September 6th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.78. Navistar International had a net margin of 1.69% and a negative return on equity of 4.49%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. research analysts forecast that Navistar International will post 2.1 EPS for the current year.
Several hedge funds have recently made changes to their positions in NAV. LPL Financial LLC purchased a new stake in shares of Navistar International in the first quarter valued at about $218,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Navistar International in the first quarter valued at about $233,000. Royal Bank of Canada raised its holdings in shares of Navistar International by 132.8% in the first quarter. Royal Bank of Canada now owns 8,135 shares of the company’s stock valued at $285,000 after purchasing an additional 32,926 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Navistar International during the first quarter worth about $292,000. Finally, Brown Advisory Inc. purchased a new stake in Navistar International during the second quarter worth about $326,000. Institutional investors own 80.14% of the company’s stock.
About Navistar International
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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