Navistar International (NAV) Trading Down 0.8%

Navistar International Corp (NYSE:NAV) shares fell 0.8% on Friday . The company traded as low as $32.32 and last traded at $32.12. 289,604 shares were traded during mid-day trading, a decline of 68% from the average session volume of 903,051 shares. The stock had previously closed at $32.38.

A number of research firms recently weighed in on NAV. Zacks Investment Research downgraded shares of Navistar International from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Susquehanna Bancshares set a $49.00 target price on shares of Navistar International and gave the company a “buy” rating in a research report on Friday, March 9th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Navistar International in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 target price on shares of Navistar International in a research report on Thursday, January 11th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $51.00 target price on shares of Navistar International in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $44.13.

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The stock has a market capitalization of $3,187.78, a P/E ratio of 225.94, a P/E/G ratio of 3.37 and a beta of 2.67. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of -0.91.

Navistar International (NYSE:NAV) last announced its quarterly earnings results on Thursday, March 8th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.17. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Navistar International had a net margin of 0.22% and a negative return on equity of 1.78%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.76) earnings per share. sell-side analysts predict that Navistar International Corp will post 1.92 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Impala Asset Management LLC lifted its stake in shares of Navistar International by 2.5% during the 4th quarter. Impala Asset Management LLC now owns 1,141,724 shares of the company’s stock worth $48,957,000 after buying an additional 27,664 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Navistar International by 26.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock worth $46,318,000 after buying an additional 219,123 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Navistar International by 230.7% during the 4th quarter. Millennium Management LLC now owns 986,631 shares of the company’s stock worth $42,307,000 after buying an additional 688,259 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Navistar International during the 4th quarter worth about $28,833,000. Finally, Geode Capital Management LLC lifted its stake in shares of Navistar International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 506,696 shares of the company’s stock worth $21,726,000 after buying an additional 2,217 shares during the last quarter. Institutional investors own 81.78% of the company’s stock.

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About Navistar International

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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