Robert W. Baird reissued their buy rating on shares of Navistar International (NYSE:NAV) in a report released on Thursday, December 21st. They currently have a $51.00 target price on the stock.
Several other research analysts have also recently weighed in on the stock. Deutsche Bank upped their price target on shares of Navistar International from $26.00 to $36.00 and gave the company a hold rating in a report on Thursday, September 7th. Wells Fargo & Co upped their price target on shares of Navistar International from $41.00 to $45.00 and gave the company a market perform rating in a report on Friday, October 6th. Stifel Nicolaus upgraded shares of Navistar International from a hold rating to a buy rating and upped their price target for the company from $45.00 to $50.00 in a report on Tuesday, December 12th. Piper Jaffray Companies set a $37.00 price target on shares of Navistar International and gave the company a hold rating in a report on Sunday, December 10th. Finally, Jefferies Group reissued a positive rating and issued a $47.00 price objective (up previously from $35.00) on shares of Navistar International in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Navistar International presently has a consensus rating of Hold and a consensus target price of $43.00.
Navistar International (NAV) opened at $45.40 on Thursday. The stock has a market cap of $4,470.00, a P/E ratio of 504.44, a P/E/G ratio of 5.23 and a beta of 2.71. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14. Navistar International has a 1-year low of $22.89 and a 1-year high of $47.47.
Navistar International (NYSE:NAV) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.71. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Navistar International had a net margin of 0.35% and a negative return on equity of 0.96%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.42) earnings per share. equities analysts forecast that Navistar International will post 1.76 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in Navistar International by 10.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 271,300 shares of the company’s stock worth $11,957,000 after acquiring an additional 25,570 shares in the last quarter. EAM Investors LLC bought a new stake in Navistar International during the third quarter worth $2,548,000. Nationwide Fund Advisors raised its position in Navistar International by 27.0% during the second quarter. Nationwide Fund Advisors now owns 72,424 shares of the company’s stock worth $1,900,000 after acquiring an additional 15,410 shares in the last quarter. Vanguard Group Inc. raised its position in Navistar International by 2.3% during the second quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock worth $110,673,000 after acquiring an additional 96,310 shares in the last quarter. Finally, Northern Trust Corp raised its position in Navistar International by 1.5% during the second quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock worth $16,189,000 after acquiring an additional 9,127 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.
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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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