ValuEngine lowered shares of Navistar International (NYSE:NAV) from a sell rating to a strong sell rating in a report issued on Wednesday.

Other equities analysts also recently issued research reports about the company. Buckingham Research upgraded Navistar International from a neutral rating to a buy rating and set a $48.00 target price on the stock in a research report on Friday, September 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Navistar International from a hold rating to a buy rating and set a $48.00 target price on the stock in a research report on Monday, September 3rd. Royal Bank of Canada restated a hold rating and issued a $44.00 target price on shares of Navistar International in a research report on Thursday, July 19th. Loop Capital started coverage on Navistar International in a research report on Monday, October 1st. They issued a hold rating and a $42.00 target price on the stock. Finally, Piper Jaffray Companies downgraded Navistar International from an overweight rating to a neutral rating and set a $37.00 target price on the stock. in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $45.50.

NYSE NAV opened at $30.33 on Wednesday. The company has a market capitalization of $3.06 billion, a PE ratio of 10.58, a PEG ratio of 1.64 and a beta of 2.35. Navistar International has a 1-year low of $29.67 and a 1-year high of $47.73.

Navistar International (NYSE:NAV) last released its earnings results on Thursday, September 6th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.78. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.67 billion. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. As a group, sell-side analysts expect that Navistar International will post 3.22 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Navistar International by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,252,905 shares of the company’s stock worth $51,017,000 after buying an additional 95,482 shares in the last quarter. Victory Capital Management Inc. lifted its position in Navistar International by 1,317.3% during the third quarter. Victory Capital Management Inc. now owns 809,919 shares of the company’s stock worth $31,183,000 after buying an additional 752,772 shares in the last quarter. Northern Trust Corp lifted its position in Navistar International by 1.0% during the second quarter. Northern Trust Corp now owns 609,747 shares of the company’s stock worth $24,829,000 after buying an additional 5,739 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Navistar International by 5.3% during the second quarter. OppenheimerFunds Inc. now owns 450,099 shares of the company’s stock worth $18,328,000 after buying an additional 22,626 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Navistar International by 4.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 333,038 shares of the company’s stock worth $13,562,000 after buying an additional 15,275 shares in the last quarter. Hedge funds and other institutional investors own 80.10% 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.

See Also: Diversification

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Navistar International (NYSE:NAV)

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