Navistar International (NYSE:NAV) Downgraded by TheStreet to “D+”

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TheStreet lowered shares of Navistar International (NYSE:NAV) from a c- rating to a d+ rating in a report issued on Tuesday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research upgraded Navistar International from a sell rating to a hold rating and set a $46.00 price objective on the stock in a report on Wednesday, January 20th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $38.44.

Shares of NAV stock opened at $44.10 on Tuesday. The company has a market cap of $4.40 billion, a price-to-earnings ratio of -12.71 and a beta of 2.12. The stock has a 50 day simple moving average of $44.11 and a 200-day simple moving average of $43.83. Navistar International has a 1-year low of $17.08 and a 1-year high of $45.25.

Navistar International (NYSE:NAV) last released its quarterly earnings results on Monday, March 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Navistar International had a negative net margin of 4.62% and a negative return on equity of 0.26%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.36) EPS. On average, research analysts forecast that Navistar International will post 1.68 EPS for the current year.

In other Navistar International news, Director Dennis Suskind sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $43.96, for a total value of $109,900.00. Following the transaction, the director now owns 8,895 shares of the company’s stock, valued at $391,024.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 18.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of NAV. DekaBank Deutsche Girozentrale acquired a new position in Navistar International during the fourth quarter worth $110,000. Norges Bank purchased a new stake in shares of Navistar International in the 4th quarter valued at $28,103,000. UBS Asset Management Americas Inc. lifted its stake in Navistar International by 6.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 71,681 shares of the company’s stock worth $3,151,000 after acquiring an additional 4,642 shares in the last quarter. Truist Financial Corp acquired a new stake in Navistar International during the 4th quarter worth approximately $232,000. Finally, Canada Pension Plan Investment Board purchased a new position in Navistar International in the 4th quarter valued at approximately $36,922,000. Hedge funds and other institutional investors own 77.91% of the company’s stock.

Navistar International Company Profile

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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