Navistar International’s (NAV) “Neutral” Rating Reiterated at Seaport Global Securities

Navistar International (NYSE:NAV)‘s stock had its “neutral” rating restated by research analysts at Seaport Global Securities in a research report issued to clients and investors on Tuesday. Seaport Global Securities also issued estimates for Navistar International’s FY2019 earnings at $2.49 EPS.

Several other research firms have also recently weighed in on NAV. Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price objective on shares of Navistar International in a report on Thursday, January 11th. Piper Jaffray Companies set a $44.00 price objective on Navistar International and gave the stock a “hold” rating in a report on Monday. Gabelli cut Navistar International from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. BMO Capital Markets increased their price objective on Navistar International from $25.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, December 22nd. Finally, Wells Fargo & Co increased their price objective on Navistar International from $41.00 to $45.00 and gave the stock a “market perform” rating in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Navistar International presently has an average rating of “Hold” and a consensus target price of $43.54.

Shares of Navistar International (NAV) opened at $44.12 on Tuesday. Navistar International has a fifty-two week low of $22.89 and a fifty-two week high of $47.47. The company has a debt-to-equity ratio of -0.85, a current ratio of 1.14 and a quick ratio of 0.91. The firm has a market capitalization of $4,469.59, a P/E ratio of 367.67, a price-to-earnings-growth ratio of 5.16 and a beta of 2.71.

Navistar International (NYSE:NAV) last released its quarterly earnings data on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business posted ($0.42) EPS. The business’s revenue was up 25.9% on a year-over-year basis. sell-side analysts forecast that Navistar International will post 1.76 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. lifted its stake in shares of Navistar International by 1.2% in the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after purchasing an additional 81 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Navistar International by 0.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 43,996 shares of the company’s stock valued at $1,154,000 after purchasing an additional 176 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Navistar International by 10.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after purchasing an additional 430 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Navistar International by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,180 shares of the company’s stock valued at $1,054,000 after purchasing an additional 1,086 shares during the period. Finally, Financial Engines Advisors L.L.C. lifted its stake in shares of 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 purchasing an additional 1,319 shares during the period. Institutional investors own 83.02% 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).

Analyst Recommendations for Navistar International (NYSE:NAV)

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