Navistar International (NYSE:NAV) received a $52.00 target price from investment analysts at Stifel Nicolaus in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 31.95% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Robert W. Baird reissued a “buy” rating and issued a $51.00 price target on shares of Navistar International in a research note on Thursday, December 21st. Gabelli cut Navistar International from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Navistar International from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Piper Jaffray Companies set a $37.00 price objective on shares of Navistar International and gave the stock a “hold” rating in a research report on Sunday, December 10th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Navistar International in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Navistar International presently has a consensus rating of “Hold” and a consensus target price of $44.00.
Shares of Navistar International (NYSE NAV) traded down $2.43 during midday trading on Friday, reaching $39.41. The company’s stock had a trading volume of 1,118,721 shares, compared to its average volume of 717,940. Navistar International has a 1 year low of $22.89 and a 1 year high of $47.73. The stock has a market capitalization of $4,336.69, a P/E ratio of 325.08, a P/E/G ratio of 4.72 and a beta of 2.58. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of -0.85.
Several hedge funds have recently added to or reduced their stakes in NAV. Invictus RG acquired a new position in shares of Navistar International during the third quarter worth about $150,000. Cetera Advisors LLC acquired a new stake in Navistar International in the third quarter valued at $301,000. Financial Engines Advisors L.L.C. boosted its stake in shares of Navistar International by 57.0% during the third quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock valued at $160,000 after acquiring an additional 1,319 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Navistar International by 10.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after acquiring an additional 430 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Navistar International during the third quarter valued at $220,000. 81.81% of the stock is currently owned by institutional investors.
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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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