Zacks Investment Research lowered shares of Navistar International (NYSE:NAV) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Navistar’s earnings and revenues beat the Zacks Consensus Estimate in the fourth quarter of fiscal 2017. Compared with the year-ago figures, both earnings per share and revenues were higher. The Zacks Consensus Estimate for its fiscal 2018 and first-quarter earnings has been going down of late. Also, in the last three months, the company’s shares have underperformed the industry it belongs to. In fourth-quarter fiscal 2017, Navistar’s sales have been partly offset by year-over-year weak performances by its Parts and Global Operations segment. Also, lower engine and component volume sales in the South American market along with a dull Brazilian economy is a concern for the company. Additionally, it expects capital expenditure to increase to the tune of $200 million in fiscal 2018.”

Other research analysts have also recently issued reports about the company. Aegis restated a buy rating and set a $50.00 target price (up from $45.00) on shares of Navistar International in a report on Tuesday, September 26th. Jefferies Group restated a buy rating and set a $47.00 target price on shares of Navistar International in a report on Tuesday, September 26th. Stifel Nicolaus upgraded Navistar International from a hold rating to a buy rating and boosted their target price for the stock from $45.00 to $50.00 in a report on Tuesday, December 12th. Robert W. Baird restated a buy rating and set a $51.00 target price on shares of Navistar International in a report on Thursday, December 21st. Finally, Gabelli cut Navistar International from a buy rating to a hold rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $43.00.

Shares of Navistar International (NYSE NAV) traded down $0.63 during trading on Tuesday, hitting $45.40. The stock had a trading volume of 744,143 shares, compared to its average volume of 822,639. The firm has a market cap of $4,470.00, a PE ratio of 504.44, a P/E/G ratio of 5.23 and a beta of 2.71. Navistar International has a fifty-two week low of $22.89 and a fifty-two week high of $47.47. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of -0.85.

Navistar International (NYSE:NAV) last issued its earnings results on Tuesday, December 19th. The company reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.71. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Navistar International had a negative return on equity of 0.96% and a net margin of 0.35%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.42) EPS. research analysts forecast that Navistar International will post 1.76 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAV. 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 acquiring an additional 430 shares during the last quarter. 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 acquiring an additional 1,319 shares during the last quarter. Hanseatic Management Services Inc. raised its position 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 purchasing an additional 81 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Navistar International in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

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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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