Navistar International (NYSE:NAV) Rating Lowered to Negative at OTR Global

OTR Global cut shares of Navistar International (NYSE:NAV) from a mixed rating to a negative rating in a research report sent to investors on Wednesday, BenzingaRatingsTable reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Navistar International from a buy rating to a hold rating and set a $36.00 target price for the company. in a research report on Friday, June 14th. Robert W. Baird set a $38.00 target price on Navistar International and gave the stock a buy rating in a research report on Monday, September 23rd. Goldman Sachs Group raised Navistar International from a sell rating to a neutral rating and set a $26.00 target price for the company in a research report on Friday, September 6th. UBS Group reduced their target price on Navistar International from $34.00 to $32.00 and set a neutral rating for the company in a research report on Wednesday, September 11th. Finally, Wells Fargo & Co reduced their target price on Navistar International from $35.00 to $27.00 and set a market perform rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $33.51.

NAV stock traded up $1.39 during midday trading on Wednesday, hitting $27.81. The stock had a trading volume of 608,454 shares, compared to its average volume of 497,392. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.44 and a beta of 2.23. Navistar International has a 52 week low of $21.32 and a 52 week high of $39.52. The stock has a 50-day simple moving average of $26.41 and a 200 day simple moving average of $30.55.

Navistar International (NYSE:NAV) last issued its earnings results on Wednesday, September 4th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.12 by $0.35. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Navistar International had a negative return on equity of 11.82% and a net margin of 2.60%. Navistar International’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $1.71 earnings per share. Equities analysts forecast that Navistar International will post 3.87 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Walleye Trading Advisors LLC acquired a new position in Navistar International during the second quarter worth $324,000. Banco de Sabadell S.A acquired a new stake in shares of Navistar International in the second quarter valued at $1,814,000. Aperio Group LLC increased its stake in shares of Navistar International by 9.9% in the second quarter. Aperio Group LLC now owns 14,330 shares of the company’s stock valued at $494,000 after buying an additional 1,287 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Navistar International by 3.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 350,205 shares of the company’s stock valued at $12,065,000 after buying an additional 10,296 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Navistar International by 2.2% in the second quarter. Swiss National Bank now owns 82,900 shares of the company’s stock valued at $2,856,000 after buying an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 77.87% of the company’s stock.

Navistar International Company Profile

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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