Navistar International (NAV) Cut to “Strong Sell” at ValuEngine

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

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

NYSE:NAV traded down $0.67 during trading hours on Wednesday, hitting $30.33. 465,736 shares of the stock were exchanged, compared to its average volume of 540,827. Navistar International has a 52-week low of $29.67 and a 52-week high of $47.73. The firm has a market cap of $3.12 billion, a P/E ratio of 59.47, a price-to-earnings-growth ratio of 1.67 and a beta of 2.35.

Navistar International (NYSE:NAV) last posted its quarterly earnings data on Thursday, September 6th. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.78. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business earned $0.38 EPS. Navistar International’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts anticipate that Navistar International will post 3.22 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Navistar International by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,252,905 shares of the company’s stock worth $51,017,000 after purchasing an additional 95,482 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Navistar International by 1,317.3% during the 3rd quarter. Victory Capital Management Inc. now owns 809,919 shares of the company’s stock worth $31,183,000 after purchasing an additional 752,772 shares during the last quarter. Northern Trust Corp lifted its holdings in Navistar International by 1.0% in the second quarter. Northern Trust Corp now owns 609,747 shares of the company’s stock valued at $24,829,000 after acquiring an additional 5,739 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in Navistar International by 5.3% in the second quarter. OppenheimerFunds Inc. now owns 450,099 shares of the company’s stock valued at $18,328,000 after acquiring an additional 22,626 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Navistar International by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 333,038 shares of the company’s stock valued at $13,562,000 after acquiring an additional 15,275 shares during the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.

About Navistar International

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.

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Analyst Recommendations for Navistar International (NYSE:NAV)

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