ValuEngine lowered shares of Navistar International (NYSE:NAV) from a sell rating to a strong sell rating in a research report report published on Tuesday morning, ValuEngine reports.
Several other research analysts also recently issued reports on the company. Loop Capital lowered their price objective on Navistar International to $38.00 and set a buy rating for the company in a research note on Tuesday, August 27th. Royal Bank of Canada reiterated a sector perform rating and set a $33.00 target price on shares of Navistar International in a research report on Monday, November 18th. Goldman Sachs Group raised shares of Navistar International from a sell rating to a neutral rating and set a $26.00 target price on the stock in a report on Friday, September 6th. Wells Fargo & Co decreased their price target on shares of Navistar International from $35.00 to $27.00 and set a market perform rating for the company in a research report on Thursday, September 5th. Finally, Robert W. Baird set a $38.00 price target on shares of Navistar International and gave the company a buy rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Navistar International has a consensus rating of Hold and a consensus target price of $33.23.
Shares of NAV stock opened at $31.92 on Tuesday. The business’s 50-day moving average price is $32.34 and its 200-day moving average price is $30.19. Navistar International has a 12 month low of $21.32 and a 12 month high of $39.52. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.67 and a beta of 2.24.
Several institutional investors have recently bought and sold shares of the stock. Man Group plc bought a new stake in Navistar International in the third quarter valued at approximately $2,671,000. Public Employees Retirement System of Ohio raised its holdings in Navistar International by 77.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,447 shares of the company’s stock worth $996,000 after purchasing an additional 15,497 shares during the last quarter. California State Teachers Retirement System raised its holdings in Navistar International by 1.4% during the 3rd quarter. California State Teachers Retirement System now owns 77,394 shares of the company’s stock worth $2,176,000 after purchasing an additional 1,043 shares during the last quarter. Redwood Investment Management LLC lifted its position in shares of Navistar International by 24.9% in the 3rd quarter. Redwood Investment Management LLC now owns 37,355 shares of the company’s stock worth $1,050,000 after purchasing an additional 7,440 shares during the period. Finally, Boston Advisors LLC lifted its position in shares of Navistar International by 61.1% in the 3rd quarter. Boston Advisors LLC now owns 41,292 shares of the company’s stock worth $1,161,000 after purchasing an additional 15,657 shares during the period. 73.28% of the stock is currently owned by institutional investors.
Navistar International Company Profile
Navistar International Corporation, through its subsidiaries, 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.
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