Navistar International (NYSE:NAV) Lifted to “Buy” at ValuEngine

Navistar International (NYSE:NAV) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, May 2nd.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Navistar International from a “sell” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, February 20th. Gabelli raised shares of Navistar International from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Friday, March 9th. Piper Jaffray set a $44.00 target price on shares of Navistar International and gave the company a “hold” rating in a report on Monday, January 15th. Seaport Global Securities reissued a “neutral” rating on shares of Navistar International in a report on Tuesday, January 16th. Finally, Robert W. Baird reissued a “buy” rating and set a $53.00 price objective on shares of Navistar International in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $43.75.

Shares of Navistar International traded up $0.67, reaching $39.94, during mid-day trading on Wednesday, according to MarketBeat. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 897,085. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 78.37, a price-to-earnings-growth ratio of 3.87 and a beta of 2.50. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of -0.91. Navistar International has a 1-year low of $38.19 and a 1-year high of $38.55.



Navistar International (NYSE:NAV) last released its quarterly earnings data on Thursday, March 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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%. Navistar International’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the business earned ($0.76) earnings per share. equities research analysts expect that Navistar International will post 2 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank increased its stake in shares of Navistar International by 2.8% during the 1st quarter. Swiss National Bank now owns 76,900 shares of the company’s stock valued at $2,689,000 after acquiring an additional 2,100 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 2,217 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Navistar International by 5.4% during the 4th quarter. Alliancebernstein L.P. now owns 87,910 shares of the company’s stock worth $3,770,000 after purchasing an additional 4,510 shares during the period. Northern Trust Corp grew its holdings in shares of Navistar International by 0.8% during the 1st quarter. Northern Trust Corp now owns 604,008 shares of the company’s stock worth $21,122,000 after purchasing an additional 4,776 shares during the period. Finally, Ardevora Asset Management LLP grew its holdings in shares of Navistar International by 0.5% during the 1st quarter. Ardevora Asset Management LLP now owns 935,970 shares of the company’s stock worth $32,731,000 after purchasing an additional 4,900 shares during the period. 81.76% of the stock is owned by institutional investors.

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.

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

Analyst Recommendations for Navistar International (NYSE:NAV)

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