Navistar International Corp (NYSE:NAV) has received an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.56.

Several equities research analysts recently commented on the company. ValuEngine downgraded Navistar International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Navistar International from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Friday, June 14th. Finally, Longbow Research downgraded Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 target price on the stock. in a report on Monday, May 6th.

Hedge funds have recently bought and sold shares of the business. Zebra Capital Management LLC acquired a new position in Navistar International during the 2nd quarter worth $370,000. Marshall Wace North America L.P. acquired a new position in Navistar International during the 2nd quarter worth $245,000. Balyasny Asset Management LLC boosted its position in Navistar International by 167.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 258,312 shares of the company’s stock worth $8,899,000 after acquiring an additional 161,778 shares during the period. Invesco Ltd. boosted its position in Navistar International by 1,831.7% during the 2nd quarter. Invesco Ltd. now owns 458,687 shares of the company’s stock worth $15,802,000 after acquiring an additional 434,942 shares during the period. Finally, Ellington Management Group LLC acquired a new position in Navistar International during the 2nd quarter worth $210,000. Institutional investors own 79.50% of the company’s stock.

Shares of Navistar International stock traded down $1.63 during trading hours on Wednesday, reaching $23.86. The stock had a trading volume of 276,271 shares, compared to its average volume of 461,910. The business’s 50 day simple moving average is $31.33. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.42 and a beta of 2.15. Navistar International has a 1 year low of $23.69 and a 1 year high of $43.71.

Navistar International (NYSE:NAV) last released its quarterly earnings data on Tuesday, June 4th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.18. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.70 billion. Navistar International had a negative return on equity of 10.59% and a net margin of 2.83%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. As a group, equities analysts expect that Navistar International will post 3.88 EPS for the current year.

About Navistar International

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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Analyst Recommendations for Navistar International (NYSE:NAV)

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