Navistar International Corp (NYSE:NAV) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $36.56.
Several brokerages recently weighed in on NAV. Longbow Research lowered Rush Enterprises from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. Zacks Investment Research lowered First Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, ValuEngine upgraded USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.
A number of large investors have recently added to or reduced their stakes in NAV. Norges Bank acquired a new position in Navistar International during the fourth quarter worth $5,228,000. Dimensional Fund Advisors LP lifted its stake in Navistar International by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,414,220 shares of the company’s stock worth $36,699,000 after purchasing an additional 162,543 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Navistar International by 289.8% during the fourth quarter. Squarepoint Ops LLC now owns 164,562 shares of the company’s stock worth $4,270,000 after purchasing an additional 122,347 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Navistar International by 23.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 450,165 shares of the company’s stock worth $14,540,000 after purchasing an additional 86,340 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Navistar International by 32.3% during the fourth quarter. Bank of New York Mellon Corp now owns 336,510 shares of the company’s stock worth $8,733,000 after purchasing an additional 82,180 shares in the last quarter. Institutional investors own 76.83% of the company’s stock.
Navistar International (NYSE:NAV) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.18. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.70 billion. Navistar International had a negative return on equity of 10.59% and a net margin of 2.83%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. On average, research analysts expect that Navistar International will post 3.88 EPS for the current year.
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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