Several other brokerages also recently issued reports on NAV. Royal Bank of Canada reaffirmed a hold rating and issued a $45.00 price objective on shares of Navistar International in a research report on Thursday, January 11th. Piper Jaffray Companies set a $44.00 target price on Navistar International and gave the company a hold rating in a research note on Monday, January 15th. Gabelli cut Navistar International from a buy rating to a hold rating in a research note on Wednesday, December 20th. Zacks Investment Research cut Navistar International from a hold rating to a sell rating in a research note on Monday, February 5th. Finally, Buckingham Research initiated coverage on Navistar International in a research note on Tuesday, January 23rd. They set a neutral rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $44.13.
Navistar International (NAV) traded down $0.83 on Friday, reaching $37.34. 2,302,422 shares of the company were exchanged, compared to its average volume of 944,335. The firm has a market cap of $3,600.00, a P/E ratio of 339.45, a PEG ratio of 3.93 and a beta of 2.66. Navistar International has a 12-month low of $22.89 and a 12-month high of $47.73. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14.
A number of hedge funds have recently bought and sold shares of the business. Impala Asset Management LLC lifted its stake in Navistar International by 2.5% in the fourth quarter. Impala Asset Management LLC now owns 1,141,724 shares of the company’s stock valued at $48,957,000 after buying an additional 27,664 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Navistar International by 26.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock valued at $46,318,000 after buying an additional 219,123 shares during the last quarter. State Street Corp lifted its stake in Navistar International by 2.5% in the second quarter. State Street Corp now owns 1,012,715 shares of the company’s stock valued at $26,565,000 after buying an additional 25,176 shares during the last quarter. Millennium Management LLC lifted its stake in Navistar International by 230.7% in the fourth quarter. Millennium Management LLC now owns 986,631 shares of the company’s stock valued at $42,307,000 after buying an additional 688,259 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Navistar International in the fourth quarter valued at $28,833,000. Institutional investors own 81.70% 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).
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