Robert W. Baird Reaffirms Buy Rating for Navistar International (NAV)
Robert W. Baird restated their buy rating on shares of Navistar International (NYSE:NAV) in a research note issued to investors on Thursday. Robert W. Baird currently has a $51.00 price target on the stock.
A number of other research analysts also recently commented on the company. Deutsche Bank increased their target price on Navistar International from $26.00 to $36.00 and gave the stock a hold rating in a report on Thursday, September 7th. Wells Fargo & Co increased their target price on Navistar International from $41.00 to $45.00 and gave the stock a market perform rating in a report on Friday, October 6th. Stifel Nicolaus reaffirmed a hold rating and set a $45.00 target price on shares of Navistar International in a report on Friday, November 3rd. Jefferies Group reissued a positive rating and issued a $47.00 price target (up previously from $35.00) on shares of Navistar International in a report on Thursday, September 7th. Finally, Royal Bank of Canada raised their price target on Navistar International from $31.00 to $36.00 and gave the stock a sector perform rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $42.31.
Navistar International (NAV) traded down $0.01 during trading hours on Thursday, reaching $44.61. The company’s stock had a trading volume of 470,762 shares, compared to its average volume of 759,706. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of -0.85. Navistar International has a 52 week low of $22.89 and a 52 week high of $47.47. The company has a market cap of $4,380.00, a P/E ratio of 495.67, a PEG ratio of 5.07 and a beta of 2.71.
Navistar International (NYSE:NAV) last released its earnings results on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.71. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted ($0.42) EPS. Navistar International’s quarterly revenue was up 25.9% compared to the same quarter last year. analysts anticipate that Navistar International will post 1.76 earnings per share for the current fiscal year.
In related news, Director Stephen R. D’arcy sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $44.34, for a total value of $44,340.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 21.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NAV. Schwab Charles Investment Management Inc. increased its position in Navistar International by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 245,730 shares of the company’s stock valued at $6,446,000 after acquiring an additional 2,492 shares during the period. EAM Investors LLC acquired a new stake in Navistar International in the 3rd quarter valued at approximately $2,548,000. Nationwide Fund Advisors increased its position in Navistar International by 27.0% in the 2nd quarter. Nationwide Fund Advisors now owns 72,424 shares of the company’s stock valued at $1,900,000 after acquiring an additional 15,410 shares during the period. Vanguard Group Inc. increased its position in Navistar International by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock valued at $110,673,000 after acquiring an additional 96,310 shares during the period. Finally, Northern Trust Corp increased its position in Navistar International by 1.5% in the 2nd quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock valued at $16,189,000 after acquiring an additional 9,127 shares during the period. 83.24% of the stock is currently owned by institutional investors and hedge funds.
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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