Research analysts at Buckingham Research started coverage on shares of Navistar International (NYSE:NAV) in a report issued on Tuesday, January 23rd, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $48.00 price target on the stock. Buckingham Research’s price objective suggests a potential upside of 18.96% from the stock’s previous close.
Several other brokerages also recently weighed in 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 note on Thursday, January 11th. Piper Jaffray Companies set a $44.00 target price on Navistar International and gave the company a “hold” rating in a research note on Monday, January 15th. Gabelli downgraded Navistar International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. BMO Capital Markets raised 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. Finally, Wells Fargo & Co increased their price target on shares of Navistar International from $41.00 to $45.00 and gave the stock a “market perform” rating in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.00.
Shares of Navistar International (NAV) traded up $0.17 during trading on Tuesday, hitting $40.35. The stock had a trading volume of 1,459,136 shares, compared to its average volume of 764,939. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of -0.85. The firm has a market capitalization of $3,970.00, a P/E ratio of 448.33, a PEG ratio of 4.39 and a beta of 2.58. Navistar International has a 12 month low of $22.89 and a 12 month high of $47.73.
Navistar International (NYSE:NAV) last announced its earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.71. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.27 billion. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The company’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned ($0.42) earnings per share. sell-side analysts expect that Navistar International will post 1.87 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Invictus RG bought a new position in Navistar International in the third quarter worth about $150,000. Cetera Advisors LLC bought a new position in Navistar International in the third quarter worth about $301,000. Financial Engines Advisors L.L.C. lifted its holdings in Navistar International by 57.0% in the third quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock worth $160,000 after acquiring an additional 1,319 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Navistar International by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after acquiring an additional 430 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Navistar International in the third quarter worth about $220,000. 81.19% 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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