Navistar International Corp (NYSE:NAV) – Equities research analysts at Seaport Global Securities raised their Q2 2018 earnings estimates for shares of Navistar International in a report released on Monday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.20. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Navistar International’s Q3 2018 earnings at $0.86 EPS and FY2019 earnings at $2.66 EPS.
A number of other brokerages have also recently issued reports on NAV. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 target price on shares of Navistar International in a report on Thursday, January 11th. Piper Jaffray Companies set a $44.00 target price on shares of Navistar International and gave the company a “hold” rating in a report on Monday, January 15th. Gabelli cut shares of Navistar International from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research cut shares of Navistar International from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Finally, Buckingham Research began coverage on shares of Navistar International in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.13.
Shares of Navistar International (NYSE:NAV) opened at $34.67 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of -0.91. The stock has a market cap of $3,410.00, a PE ratio of 315.18, a PEG ratio of 3.68 and a beta of 2.66. Navistar International has a fifty-two week low of $22.89 and a fifty-two week high of $47.73.
Navistar International (NYSE:NAV) last issued its earnings results on Thursday, March 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.17. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Navistar International had a net margin of 0.22% and a negative return on equity of 1.78%. Navistar International’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.76) EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in NAV. State Street Corp grew its stake in Navistar International by 2.5% in the 2nd quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after buying an additional 25,176 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Navistar International in the 3rd quarter valued at about $229,000. Financial Engines Advisors L.L.C. grew its stake in Navistar International by 57.0% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock valued at $160,000 after buying an additional 1,319 shares during the last quarter. SG Americas Securities LLC acquired a new position in Navistar International in the 3rd quarter valued at about $330,000. Finally, EAM Investors LLC acquired a new position in Navistar International in the 3rd quarter valued at about $2,548,000. Institutional investors and hedge funds own 81.78% 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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