Navistar International (NYSE:NAV) Trading Down 5.6%

Navistar International Corp (NYSE:NAV)’s stock price dropped 5.6% during trading on Monday . The company traded as low as $27.04 and last traded at $27.40, approximately 525,295 shares were traded during mid-day trading. An increase of 14% from the average daily volume of 460,803 shares. The stock had previously closed at $29.03.

NAV has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Navistar International from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Friday, June 14th. ValuEngine downgraded shares of Navistar International from a “sell” rating to a “strong sell” rating in a research note on Thursday. Finally, Longbow Research downgraded shares of Navistar International from a “buy” rating to a “neutral” rating and set a $34.08 price objective on the stock. in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.11.

The firm has a 50 day simple moving average of $32.70. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.48 and a beta of 2.15.

Navistar International (NYSE:NAV) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.18. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.70 billion. Navistar International had a net margin of 2.83% and a negative return on equity of 10.59%. Navistar International’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. Equities analysts forecast that Navistar International Corp will post 3.88 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. boosted its stake in Navistar International by 3.2% during the first quarter. Oppenheimer & Co. Inc. now owns 9,872 shares of the company’s stock worth $319,000 after buying an additional 308 shares in the last quarter. Creative Planning boosted its stake in Navistar International by 5.0% during the second quarter. Creative Planning now owns 8,200 shares of the company’s stock worth $282,000 after buying an additional 390 shares in the last quarter. Huntington National Bank boosted its stake in Navistar International by 335.7% during the first quarter. Huntington National Bank now owns 1,063 shares of the company’s stock worth $34,000 after buying an additional 819 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Navistar International during the second quarter worth $34,000. Finally, Rhumbline Advisers boosted its stake in Navistar International by 1.4% during the first quarter. Rhumbline Advisers now owns 74,322 shares of the company’s stock worth $2,401,000 after buying an additional 1,011 shares in the last quarter. Hedge funds and other institutional investors own 76.70% of the company’s stock.

About Navistar International (NYSE:NAV)

Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military 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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