Navistar International (NYSE:NAV) was downgraded by research analysts at Gabelli from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports.
Several other research analysts also recently issued reports on the stock. Robert W. Baird restated a “buy” rating on shares of Navistar International in a report on Tuesday, September 5th. Deutsche Bank upped their target price on shares of Navistar International from $26.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Wells Fargo & Company upped their target price on shares of Navistar International from $41.00 to $45.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price on shares of Navistar International in a research note on Friday, November 3rd. Finally, Jefferies Group reissued a “positive” rating and issued a $47.00 target price (up previously from $35.00) on shares of Navistar International in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $39.77.
Navistar International (NAV) traded down $2.57 during trading on Wednesday, reaching $42.73. 1,989,778 shares of the company’s stock were exchanged, compared to its average volume of 630,426. The company has a debt-to-equity ratio of -0.86, a current ratio of 1.23 and a quick ratio of 0.94. Navistar International has a 52-week low of $22.89 and a 52-week high of $47.47.
In other news, Director Stephen R. D’arcy sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $44.34, for a total transaction of $44,340.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its holdings in Navistar International by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock valued at $115,000 after buying an additional 430 shares during the period. Invictus RG acquired a new position in Navistar International in the third quarter valued at approximately $150,000. Financial Engines Advisors L.L.C. lifted its holdings in Navistar International by 57.0% in the third quarter. Financial Engines Advisors L.L.C. now owns 3,632 shares of the company’s stock valued at $160,000 after buying an additional 1,319 shares during the period. Hanseatic Management Services Inc. lifted its holdings in Navistar International by 1.2% in the second quarter. Hanseatic Management Services Inc. now owns 7,036 shares of the company’s stock valued at $185,000 after buying an additional 81 shares during the period. Finally, Ballentine Partners LLC acquired a new position in Navistar International in the third quarter valued at approximately $220,000. Institutional investors own 83.24% of the company’s stock.
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Navistar International Company Profile
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).
