Navistar International Corp (NYSE:NAV)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $23.69 and last traded at $23.90, with a volume of 435691 shares trading hands. The stock had previously closed at $25.49.
Several brokerages recently commented on NAV. Zacks Investment Research downgraded shares of Navistar International from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research note on Friday, June 14th. ValuEngine cut shares of Navistar International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Longbow Research cut shares of Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 price target for the company. in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.11.
The firm has a 50-day simple moving average of $31.14. The stock has a market cap of $2.54 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 0.42 and a beta of 2.15.
Navistar International (NYSE:NAV) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.18. Navistar International had a net margin of 2.83% and a negative return on equity of 10.59%. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $0.55 earnings per share. Navistar International’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts forecast that Navistar International Corp will post 3.88 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Advisors LLC boosted its stake in Navistar International by 1.8% during the first quarter. Boston Advisors LLC now owns 58,996 shares of the company’s stock worth $1,906,000 after acquiring an additional 1,041 shares in the last quarter. Norges Bank bought a new position in Navistar International during the fourth quarter worth $5,228,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Navistar International during the first quarter worth $1,295,000. Zeke Capital Advisors LLC boosted its stake in Navistar International by 30.1% during the first quarter. Zeke Capital Advisors LLC now owns 58,746 shares of the company’s stock worth $1,897,000 after acquiring an additional 13,600 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in Navistar International during the first quarter worth $241,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
About Navistar International (NYSE:NAV)
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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