Gabelli Lowers Navistar International (NAV) to Hold

Gabelli downgraded shares of Navistar International (NYSE:NAV) from a buy rating to a hold rating in a report issued on Wednesday morning, Marketbeat reports. Gabelli also issued estimates for Navistar International’s FY2018 earnings at $1.85 EPS, FY2019 earnings at $3.05 EPS, FY2020 earnings at $3.50 EPS, FY2021 earnings at $3.30 EPS and FY2022 earnings at $3.10 EPS.

Other research analysts have also issued reports about the stock. Aegis reiterated a buy rating and set a $50.00 price target (up from $45.00) on shares of Navistar International in a research note on Tuesday, September 26th. Stifel Nicolaus upgraded shares of Navistar International from a hold rating to a buy rating and boosted their price target for the stock from $45.00 to $50.00 in a research note on Tuesday, December 12th. Zacks Investment Research lowered shares of Navistar International from a buy rating to a hold rating in a research note on Friday, December 15th. Susquehanna Bancshares began coverage on shares of Navistar International in a research note on Wednesday, November 29th. They set a positive rating and a $50.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Navistar International from $31.00 to $36.00 and gave the stock a sector perform rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $42.31.

Shares of Navistar International (NYSE:NAV) traded down $0.01 during trading on Wednesday, hitting $44.61. 470,762 shares of the stock were exchanged, compared to its average volume of 759,706. Navistar International has a twelve month low of $22.89 and a twelve month high of $47.47. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of -0.85. The firm has a market capitalization of $4,380.00, a price-to-earnings ratio of 495.67, a price-to-earnings-growth ratio of 5.07 and a beta of 2.71.

Navistar International (NYSE:NAV) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.71. Navistar International had a net margin of 0.35% and a negative return on equity of 0.96%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business posted ($0.42) earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. equities analysts forecast that Navistar International will post 1.76 EPS for the current fiscal year.

In related news, Director Stephen R. D’arcy sold 1,000 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $44.34, for a total transaction of $44,340.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 21.80% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its holdings in shares of Navistar International by 10.9% in the second 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 in the last quarter. Invictus RG purchased a new stake in shares of Navistar International in the third quarter valued at about $150,000. Financial Engines Advisors L.L.C. lifted its holdings in shares of Navistar International by 57.0% in the third 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 in the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Navistar International by 1.2% in the second 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 in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Navistar International in the third quarter valued at about $220,000. 83.24% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Navistar International (NYSE:NAV)

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