Jefferies Financial Group Lowers Navistar International (NYSE:NAV) to Hold

Jefferies Financial Group lowered shares of Navistar International (NYSE:NAV) from a buy rating to a hold rating in a research note issued to investors on Friday, AnalystRatings.net reports. Jefferies Financial Group currently has $44.50 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price target on shares of Navistar International from $28.00 to $33.00 and gave the company an equal weight rating in a research note on Monday, July 20th. ValuEngine upgraded shares of Navistar International from a hold rating to a buy rating in a research note on Friday, October 2nd. BMO Capital Markets raised their target price on shares of Navistar International from $35.00 to $43.00 and gave the stock a market perform rating in a research note on Tuesday, September 15th. Loop Capital cut shares of Navistar International from a buy rating to a hold rating in a research note on Wednesday, October 14th. Finally, UBS Group raised their target price on shares of Navistar International from $29.00 to $43.00 and gave the stock a neutral rating in a research note on Tuesday, September 15th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $33.83.

Navistar International stock opened at $42.81 on Friday. The company has a market cap of $4.26 billion, a P/E ratio of -475.61 and a beta of 2.29. Navistar International has a 1-year low of $15.01 and a 1-year high of $45.25. The company has a fifty day simple moving average of $42.46 and a 200 day simple moving average of $31.22.

Navistar International (NYSE:NAV) last announced its quarterly earnings results on Wednesday, September 9th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.04). The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.88 billion. Navistar International had a negative net margin of 0.11% and a negative return on equity of 1.66%. The business’s revenue was down 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 EPS. As a group, analysts predict that Navistar International will post -0.33 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in Navistar International by 1.2% during the second quarter. California State Teachers Retirement System now owns 75,770 shares of the company’s stock worth $2,137,000 after acquiring an additional 872 shares during the period. FMR LLC bought a new position in Navistar International in the 2nd quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Navistar International by 25.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,148 shares of the company’s stock valued at $145,000 after buying an additional 1,051 shares during the period. American International Group Inc. increased its holdings in Navistar International by 4.0% in the 2nd quarter. American International Group Inc. now owns 30,529 shares of the company’s stock valued at $861,000 after buying an additional 1,173 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Navistar International by 282.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,760 shares of the company’s stock valued at $77,000 after buying an additional 1,300 shares during the period. 77.68% of the stock is currently owned by institutional investors and hedge funds.

About Navistar International

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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