Navistar International (NYSE:NAV) Downgraded by TheStreet

TheStreet downgraded shares of Navistar International (NYSE:NAV) from a c- rating to a d+ rating in a research note released on Tuesday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research upgraded shares of Navistar International from a sell rating to a hold rating and set a $46.00 target price for the company in a report on Wednesday, January 20th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $38.44.

NAV stock opened at $44.10 on Tuesday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -12.71 and a beta of 2.12. Navistar International has a 52-week low of $17.08 and a 52-week high of $45.25. The stock’s fifty day simple moving average is $44.11 and its 200-day simple moving average is $43.83.

Navistar International (NYSE:NAV) last released its earnings results on Monday, March 8th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.97 billion. Navistar International had a negative return on equity of 0.26% and a negative net margin of 4.62%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.36) earnings per share. As a group, sell-side analysts forecast that Navistar International will post 1.68 EPS for the current year.

In related news, Director Dennis Suskind sold 4,769 shares of the firm’s stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $44.04, for a total value of $210,026.76. Following the completion of the transaction, the director now owns 7,515 shares of the company’s stock, valued at approximately $330,960.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NAV. Nisa Investment Advisors LLC grew its holdings in shares of Navistar International by 19.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,110 shares of the company’s stock valued at $93,000 after acquiring an additional 350 shares in the last quarter. Victory Capital Management Inc. increased its position in Navistar International by 5.5% in the 4th quarter. Victory Capital Management Inc. now owns 13,846 shares of the company’s stock worth $609,000 after purchasing an additional 717 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Navistar International by 3.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 30,808 shares of the company’s stock worth $1,354,000 after purchasing an additional 1,128 shares in the last quarter. Strs Ohio bought a new stake in shares of Navistar International in the 3rd quarter valued at approximately $52,000. Finally, CWM Advisors LLC increased its holdings in Navistar International by 22.9% in the fourth quarter. CWM Advisors LLC now owns 6,572 shares of the company’s stock worth $289,000 after buying an additional 1,226 shares during the last quarter. Institutional investors own 77.91% of the company’s stock.

Navistar International Company Profile

Navistar International Corporation, through its subsidiaries, manufactures and sells commercial 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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