ValuEngine Upgrades Navistar International (NAV) to “Hold”

Navistar International (NYSE:NAV) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

NAV has been the subject of several other research reports. Zacks Investment Research raised Navistar International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. BMO Capital Markets reissued a “market perform” rating and set a $35.00 price objective (down previously from $40.00) on shares of Navistar International in a research report on Monday, December 24th. Finally, TheStreet raised Navistar International from a “d-” rating to a “c” rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $38.80.

NYSE NAV opened at $34.72 on Tuesday. Navistar International has a twelve month low of $23.69 and a twelve month high of $44.34. The stock has a market cap of $3.43 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.76 and a beta of 2.26.

Navistar International (NYSE:NAV) last posted its quarterly earnings data on Friday, March 8th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Navistar International had a negative return on equity of 8.96% and a net margin of 3.93%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm posted ($0.74) EPS. Navistar International’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts forecast that Navistar International will post 3.5 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Financial Architects Inc bought a new stake in Navistar International during the 4th quarter worth approximately $26,000. Huntington National Bank boosted its position in Navistar International by 335.7% in the 1st quarter. Huntington National Bank now owns 1,063 shares of the company’s stock valued at $34,000 after buying an additional 819 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Navistar International in the 4th quarter valued at $41,000. Pearl River Capital LLC acquired a new position in shares of Navistar International in the 4th quarter valued at $58,000. Finally, Bank of Montreal Can lifted its stake in shares of Navistar International by 14.3% in the 4th quarter. Bank of Montreal Can now owns 2,835 shares of the company’s stock valued at $74,000 after purchasing an additional 355 shares during the period. 78.84% of the stock is owned by hedge funds and other institutional investors.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Navistar International (NYSE:NAV)

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