Navistar International (NYSE:NAV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Navistar’s earnings and revenues beat the Zacks Consensus Estimate in the fourth quarter of fiscal 2017. Compared with the year-ago figures, both earnings per share and revenues were higher. The Zacks Consensus Estimate for its fiscal 2018 and first-quarter earnings has been going down of late. Also, in the last three months, the company’s shares have underperformed the industry it belongs to. In fourth-quarter fiscal 2017, 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.”

Other analysts also recently issued reports about the company. Aegis reiterated a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Navistar International in a report on Tuesday, September 26th. Jefferies Group reiterated a “buy” rating and set a $47.00 price target on shares of Navistar International in a report on Tuesday, September 26th. Stifel Nicolaus upgraded Navistar International from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $50.00 in a report on Tuesday, December 12th. Robert W. Baird reiterated a “buy” rating and set a $51.00 price target on shares of Navistar International in a report on Thursday, December 21st. Finally, Gabelli downgraded Navistar International from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $43.00.

Shares of Navistar International (NYSE:NAV) traded down $0.63 during trading on Tuesday, reaching $45.40. The company’s stock had a trading volume of 744,143 shares, compared to its average volume of 822,639. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14. Navistar International has a 52-week low of $22.89 and a 52-week high of $47.47. The firm has a market cap of $4,470.00, a P/E ratio of 504.44, a P/E/G ratio of 5.23 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 for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.71. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted ($0.42) EPS. The business’s revenue was up 25.9% compared to the same quarter last year. analysts forecast that Navistar International will post 1.76 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cetera Advisors LLC acquired a new stake in shares of Navistar International in the 3rd quarter valued at about $301,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Navistar International in the 3rd quarter valued at about $769,000. Engineers Gate Manager LP acquired a new stake in shares of Navistar International in the 3rd quarter valued at about $2,982,000. Invictus RG acquired a new stake in shares of Navistar International in the 3rd quarter valued at about $150,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Navistar International by 26.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,050,986 shares of the company’s stock valued at $46,318,000 after buying an additional 219,123 shares during the period. Institutional investors own 83.02% of the company’s stock.

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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).

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