Navistar International Corp (NYSE:NAV) has earned an average rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $45.27.
NAV has been the topic of several analyst reports. ValuEngine lowered shares of Navistar International from a “hold” rating to a “sell” rating in a research report on Wednesday. Loop Capital started coverage on shares of Navistar International in a research report on Monday, October 1st. They set a “hold” rating and a $42.00 price target on the stock. Zacks Investment Research reiterated a “hold” rating and issued a $37.00 target price on shares of Navistar International in a report on Wednesday, November 14th. Finally, Buckingham Research upgraded shares of Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a report on Friday, September 7th. They noted that the move was a valuation call.
Shares of NAV stock traded down $1.40 during trading on Friday, hitting $28.69. 486,117 shares of the stock traded hands, compared to its average volume of 701,787. The firm has a market cap of $2.97 billion, a PE ratio of 56.25, a PEG ratio of 1.58 and a beta of 2.31. Navistar International has a 52-week low of $28.25 and a 52-week high of $47.73.
Navistar International (NYSE:NAV) last released its quarterly earnings results on Thursday, September 6th. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.78. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.67 billion. Navistar International had a net margin of 3.01% and a negative return on equity of 6.45%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. On average, sell-side analysts forecast that Navistar International will post 3.22 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of NAV. PNC Financial Services Group Inc. grew its stake in shares of Navistar International by 87.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,604 shares of the company’s stock worth $139,000 after acquiring an additional 1,677 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Navistar International by 2.1% in the third quarter. Teachers Advisors LLC now owns 98,940 shares of the company’s stock worth $3,809,000 after acquiring an additional 2,007 shares in the last quarter. Sageworth Trust Co grew its stake in shares of Navistar International by 400.0% in the third quarter. Sageworth Trust Co now owns 3,500 shares of the company’s stock worth $135,000 after acquiring an additional 2,800 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Navistar International by 4.8% in the third quarter. Alliancebernstein L.P. now owns 85,940 shares of the company’s stock worth $3,309,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Global X Management Co LLC grew its stake in shares of Navistar International by 20.9% in the second quarter. Global X Management Co LLC now owns 23,073 shares of the company’s stock worth $940,000 after acquiring an additional 3,989 shares in the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.
Navistar International Company Profile
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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