Navistar International (NYSE:NAV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Navistar benefits from the launch of new products, boasting an improved quality and performance. Collaboration with Volkswagen will enable the company to develop its range of products and services that it currently offers to its customers. Moreover, the company is poised to benefit from its cost-saving initiatives. However, of late 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. Also, over a month, the company’s shares have underperformed the industry it belongs to.”

A number of other equities analysts have also recently issued reports on the company. Seaport Global Securities reaffirmed a “neutral” rating on shares of Navistar International in a report on Tuesday. Piper Jaffray Companies set a $44.00 target price on Navistar International and gave the stock a “hold” rating in a report on Monday, January 15th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 target price on shares of Navistar International in a report on Thursday, January 11th. BMO Capital Markets upped their target price on Navistar International from $25.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, December 22nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $51.00 target price on shares of Navistar International in a report on Thursday, December 21st. One 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 company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.54.

Shares of Navistar International (NYSE:NAV) traded up $0.13 on Thursday, reaching $43.54. The company’s stock had a trading volume of 1,523,845 shares, compared to its average volume of 822,272. Navistar International has a fifty-two week low of $22.89 and a fifty-two week high of $47.47. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of -0.85. The firm has a market cap of $4,290.00, a PE ratio of 483.78, a PEG ratio of 4.92 and a beta of 2.71.

Navistar International (NYSE:NAV) last issued its 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 negative return on equity of 0.96% and a net margin of 0.35%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the firm earned ($0.42) EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. equities analysts forecast that Navistar International will post 1.76 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Navistar International by 10.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 271,300 shares of the company’s stock valued at $11,957,000 after buying an additional 25,570 shares during the period. EAM Investors LLC acquired a new stake in shares of Navistar International in the third quarter valued at about $2,548,000. Nationwide Fund Advisors increased its stake in shares of Navistar International by 27.0% in the second quarter. Nationwide Fund Advisors now owns 72,424 shares of the company’s stock valued at $1,900,000 after buying an additional 15,410 shares during the period. Vanguard Group Inc. increased its stake in shares of Navistar International by 2.3% in the second quarter. Vanguard Group Inc. now owns 4,219,294 shares of the company’s stock valued at $110,673,000 after buying an additional 96,310 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Navistar International by 1.5% in the second quarter. Northern Trust Corp now owns 617,178 shares of the company’s stock valued at $16,189,000 after buying an additional 9,127 shares during the period. 83.02% of the stock is owned by institutional investors.

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Navistar International Company Profile

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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