Robert W. Baird reaffirmed their buy rating on shares of Navistar International (NYSE:NAV) in a research note issued to investors on Thursday morning. They currently have a $53.00 target price on the stock.
Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a hold rating and issued a $45.00 target price on shares of Navistar International in a report on Thursday, January 11th. Piper Jaffray Companies set a $44.00 target price on Navistar International and gave the stock a hold rating in a report on Monday, January 15th. Zacks Investment Research cut Navistar International from a hold rating to a sell rating in a report on Monday, February 5th. Buckingham Research initiated coverage on Navistar International in a research report on Tuesday, January 23rd. They issued a neutral rating and a $48.00 price target for the company. Finally, Stifel Nicolaus upgraded Navistar International from a hold rating to a buy rating and lifted their price target for the stock from $45.00 to $50.00 in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $44.13.
Shares of Navistar International (NYSE NAV) opened at $37.34 on Thursday. Navistar International has a twelve month low of $22.89 and a twelve month high of $47.73. The company has a debt-to-equity ratio of -0.85, a current ratio of 1.14 and a quick ratio of 0.91. The stock has a market capitalization of $3,676.09, a PE ratio of 44.99, a PEG ratio of 3.85 and a beta of 2.67.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its position in Navistar International by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,367 shares of the company’s stock worth $115,000 after acquiring an additional 430 shares in the last quarter. Invictus RG purchased a new position in shares of Navistar International during the third quarter valued at approximately $150,000. Financial Engines Advisors L.L.C. boosted its position 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 buying an additional 1,319 shares during the period. Ballentine Partners LLC purchased a new position in shares of Navistar International during the third quarter valued at approximately $220,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Navistar International during the third quarter valued at approximately $229,000. Institutional investors own 81.70% of the company’s stock.
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).
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