Navistar International Corp (NYSE:NAV) – Stock analysts at Gabelli issued their FY2022 earnings per share estimates for Navistar International in a report released on Wednesday, Zacks Investment Research reports. Gabelli analyst B. Sponheimer forecasts that the company will post earnings per share of $3.10 for the year. Gabelli has a “Hold” rating on the stock.
Several other equities analysts have also recently commented on NAV. Royal Bank of Canada restated a “hold” rating and set a $45.00 target price on shares of Navistar International in a research report on Thursday. Jefferies Group reiterated a “buy” rating and issued a $47.00 price objective on shares of Navistar International in a report on Tuesday, September 26th. Aegis reiterated a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Navistar International in a report on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and issued a $51.00 target price on shares of Navistar International in a research note on Thursday, December 21st. Finally, BMO Capital Markets boosted their target price on Navistar International from $25.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $43.00.
Navistar International (NYSE:NAV) traded down $0.63 during trading hours on Thursday, hitting $45.40. The company had a trading volume of 744,143 shares, compared to its average volume of 904,807. Navistar International has a 12 month low of $22.89 and a 12 month high of $47.47. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14. The company has a market cap of $4,531.62, a price-to-earnings ratio of 378.33, a price-to-earnings-growth ratio of 5.23 and a beta of 2.71.
Navistar International (NYSE:NAV) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.71. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.27 billion. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. Navistar International’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted ($0.42) earnings per share.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Navistar International by 10.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 271,300 shares of the company’s stock worth $11,957,000 after buying an additional 25,570 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of Navistar International in the 3rd quarter worth approximately $2,548,000. Nationwide Fund Advisors grew its stake in shares of Navistar International by 27.0% in the 2nd quarter. Nationwide Fund Advisors now owns 72,424 shares of the company’s stock worth $1,900,000 after buying an additional 15,410 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Navistar International by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock worth $110,673,000 after buying an additional 96,310 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Navistar International by 1.5% in the 2nd quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock worth $16,189,000 after buying an additional 9,127 shares during the last quarter. Institutional investors own 83.02% of the company’s stock.
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Navistar International Company Profile
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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