Navistar International (NAV) Lowered to “Sell” at ValuEngine

Navistar International (NYSE:NAV) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages have also recently weighed in on NAV. Zacks Investment Research raised Navistar International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, September 3rd. Loop Capital began coverage on Navistar International in a report on Monday, October 1st. They set a “hold” rating and a $42.00 price target for the company. Buckingham Research raised Navistar International from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Friday, September 7th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies cut Navistar International from an “overweight” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $45.00.

Shares of NYSE NAV opened at $30.09 on Wednesday. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 59.00, a P/E/G ratio of 1.58 and a beta of 2.31. Navistar International has a fifty-two week low of $28.25 and a fifty-two week high of $47.73.

Navistar International (NYSE:NAV) last announced its quarterly earnings data on Thursday, September 6th. The company reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.78. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Navistar International had a negative return on equity of 6.45% and a net margin of 3.01%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. Equities research analysts anticipate that Navistar International will post 3.22 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Trexquant Investment LP acquired a new position in shares of Navistar International during the 3rd quarter worth $990,000. Schwab Charles Investment Management Inc. grew its position in Navistar International by 4.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 333,038 shares of the company’s stock worth $13,562,000 after acquiring an additional 15,275 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Navistar International during the 3rd quarter worth $528,000. Northern Trust Corp grew its position in Navistar International by 1.0% during the 2nd quarter. Northern Trust Corp now owns 609,747 shares of the company’s stock worth $24,829,000 after acquiring an additional 5,739 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Navistar International during the 3rd quarter worth $3,097,000. 74.11% of the stock is owned by institutional investors.

About Navistar International

Navistar International Corporation 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. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

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