Navistar International’s (NAV) “Neutral” Rating Reaffirmed at Seaport Global Securities
Seaport Global Securities reissued their neutral rating on shares of Navistar International (NYSE:NAV) in a research report sent to investors on Tuesday morning. Seaport Global Securities also issued estimates for Navistar International’s FY2019 earnings at $2.49 EPS.
Several other equities analysts have also recently issued reports on the company. Piper Jaffray Companies set a $44.00 price target on Navistar International and gave the company a hold rating in a research report on Monday. Royal Bank of Canada restated a hold rating and issued a $45.00 price target on shares of Navistar International in a research report on Thursday, January 11th. Jefferies Group restated a buy rating and issued a $47.00 price target on shares of Navistar International in a research report on Tuesday, September 26th. Aegis restated a buy rating and issued a $50.00 price target (up previously from $45.00) on shares of Navistar International in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Navistar International from a hold rating to a buy rating and set a $49.00 price target on the stock in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $43.54.
Navistar International (NAV) traded down $1.28 during trading on Tuesday, hitting $44.12. The stock had a trading volume of 709,600 shares, compared to its average volume of 658,240. Navistar International has a fifty-two week low of $22.89 and a fifty-two week high of $47.47. The company has a debt-to-equity ratio of -0.85, a current ratio of 1.14 and a quick ratio of 0.91. The stock has a market cap of $4,320.00, a P/E ratio of 490.22, a P/E/G ratio of 5.16 and a beta of 2.71.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its position in Navistar International by 10.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after purchasing an additional 430 shares during the period. Invictus RG acquired a new position in Navistar International during the 3rd quarter worth approximately $150,000. Financial Engines Advisors L.L.C. increased its position in Navistar International by 57.0% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock worth $160,000 after purchasing an additional 1,319 shares during the period. Hanseatic Management Services Inc. increased its position in Navistar International by 1.2% during the 2nd quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock worth $185,000 after purchasing an additional 81 shares during the period. Finally, Ballentine Partners LLC acquired a new position in Navistar International during the 3rd quarter worth approximately $220,000. Institutional investors own 83.02% of the company’s stock.
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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