Investment Analysts’ Weekly Ratings Changes for Navistar International (NAV)

Navistar International (NYSE: NAV) has recently received a number of price target changes and ratings updates:

  • 3/9/2018 – Navistar International was given a new $49.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “buy” rating on the stock.
  • 3/9/2018 – Navistar International was upgraded by analysts at Gabelli from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock.
  • 3/8/2018 – Navistar International was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Navistar benefits from the launch of new products, boasting an improved quality and performance. Collaboration with Volkswagen will enable the company to develop its range of products and services that it currently offers to its customers. Moreover, the company is poised to benefit from its cost-saving initiatives. However, of late Navistar’s sales have been partly offset by year-over-year weak performances by its Parts and Global Operations segment. Also, lower engine and component volume sales in the South American market along with a dull Brazilian economy is a concern for the company. Additionally, it expects capital expenditure to increase to the tune of $200 million in fiscal 2018. Also, in the past six months, the company’s shares have underperformed the industry it belongs to.”
  • 3/8/2018 – Navistar International was given a new $50.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 3/8/2018 – Navistar International had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $53.00 price target on the stock.
  • 2/28/2018 – Navistar International was upgraded by analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating. They now have a $44.00 price target on the stock.
  • 2/20/2018 – Navistar International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “strong-buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Navistar benefits from the launch of new products, boasting an improved quality and performance. Collaboration with Volkswagen will enable the company to develop its range of products and services that it currently offers to its customers. Moreover, the company is poised to benefit from its cost-saving initiatives. However, of late Navistar’s sales have been partly offset by year-over-year weak performances by its Parts and Global Operations segment. Also, lower engine and component volume sales in the South American market along with a dull Brazilian economy is a concern for the company. Additionally, it expects capital expenditure to increase to the tune of $200 million in fiscal 2018. Also, year to date, the company’s shares have underperformed the industry it belongs to.”
  • 2/9/2018 – Navistar International was given a new $52.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 2/5/2018 – Navistar International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Of late Navistar’s sales have been partly offset by year-over-year weak performances by its Parts and Global Operations segment. Also, lower engine and component volume sales in the South American market along with a dull Brazilian economy is a concern for the company. Additionally, it expects capital expenditure to increase to the tune of $200 million in fiscal 2018. Also, over a month, the company’s shares have underperformed the industry it belongs to. However, Navistar benefits from the launch of new products, boasting an improved quality and performance. Collaboration with Volkswagen will enable the company to develop its range of products and services that it currently offers to its customers. Moreover, the company is poised to benefit from its cost-saving initiatives.”

Shares of Navistar International Corp (NYSE:NAV) traded up $0.52 during mid-day trading on Monday, reaching $32.15. The company had a trading volume of 307,658 shares, compared to its average volume of 895,326. The stock has a market capitalization of $3,113.95, a PE ratio of 229.66, a price-to-earnings-growth ratio of 3.23 and a beta of 2.67. Navistar International Corp 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 -0.91, a quick ratio of 0.91 and a current ratio of 1.22.

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Navistar International (NYSE:NAV) last released its earnings results on Thursday, March 8th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.17. Navistar International had a negative return on equity of 1.78% and a net margin of 0.22%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the firm posted ($0.76) earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. equities research analysts predict that Navistar International Corp will post 1.96 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Impala Asset Management LLC lifted its holdings in shares of Navistar International by 2.5% during the fourth quarter. Impala Asset Management LLC now owns 1,141,724 shares of the company’s stock valued at $48,957,000 after purchasing an additional 27,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Navistar International by 26.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock valued at $46,318,000 after purchasing an additional 219,123 shares in the last quarter. Millennium Management LLC lifted its holdings 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 acquiring an additional 688,259 shares during the period. Renaissance Technologies LLC bought a new position in Navistar International in the fourth quarter valued at about $28,833,000. Finally, Geode Capital Management LLC lifted its holdings in Navistar International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 506,696 shares of the company’s stock valued at $21,726,000 after acquiring an additional 2,217 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

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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