Navistar International (NYSE:NAV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Navistar benefits from the launch of new products, boasting an improved quality and performance. Collaboration with Volkswagen will enable the company to develop its range of products and services that it currently offers to its customers. Moreover, the company is poised to benefit from its cost-saving initiatives. However, of late Navistar’s sales have been partly offset by year-over-year weak performances by its Parts and Global Operations segment. Also, lower engine and component volume sales in the South American market along with a dull Brazilian economy is a concern for the company. Additionally, it expects capital expenditure to increase to the tune of $200 million in fiscal 2018. Also, over a month, the company’s shares have underperformed the industry it belongs to.”

NAV has been the subject of several other reports. Wells Fargo & Co raised their target price on shares of Navistar International from $41.00 to $45.00 and gave the stock a “market perform” rating in a research report on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 target price on shares of Navistar International in a research report on Friday, November 3rd. OTR Global raised shares of Navistar International to a “positive” rating in a research report on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating and issued a $47.00 target price on shares of Navistar International in a research report on Tuesday, September 26th. Finally, Piper Jaffray Companies set a $37.00 target price on shares of Navistar International and gave the stock a “hold” rating in a research report on Sunday, December 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Navistar International currently has an average rating of “Hold” and an average price target of $43.54.

Navistar International (NYSE NAV) traded down $0.33 during trading hours on Thursday, hitting $43.79. 702,700 shares of the stock traded hands, compared to its average volume of 662,282. Navistar International has a 12-month low of $22.89 and a 12-month high of $47.47. The company has a debt-to-equity ratio of -0.85, a quick ratio of 0.91 and a current ratio of 1.14. The stock has a market cap of $4,270.00, a PE ratio of 486.56, a price-to-earnings-growth ratio of 5.01 and a beta of 2.71.

Navistar International (NYSE:NAV) last posted its earnings results on Tuesday, December 19th. The company reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.71. Navistar International had a net margin of 0.35% and a negative return on equity of 0.96%. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted ($0.42) EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. equities research analysts expect that Navistar International will post 1.76 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of NAV. Gamco Investors INC. ET AL bought a new position in shares of Navistar International in the 2nd quarter worth about $175,453,000. Impala Asset Management LLC bought a new position in shares of Navistar International in the 2nd quarter worth about $29,727,000. Ardevora Asset Management LLP bought a new position in shares of Navistar International in the 4th quarter worth about $29,312,000. Millennium Management LLC bought a new position in shares of Navistar International in the 4th quarter worth about $5,405,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Navistar International by 70.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 831,863 shares of the company’s stock worth $21,820,000 after acquiring an additional 344,890 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

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About Navistar International

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc and Navistar Financial Corporation (NFC). The Company’s segments include Truck, Parts, Global Operations (collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign finance operations (collectively, Financial Services operations).

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