Navistar International (NAV) Sees Strong Trading Volume

Navistar International (NYSE:NAV) saw unusually-high trading volume on Monday . Approximately 3,200,828 shares were traded during mid-day trading, an increase of 233% from the previous session’s volume of 959,781 shares.The stock last traded at $40.71 and had previously closed at $37.06.

NAV has been the topic of several recent research reports. Zacks Investment Research downgraded Navistar International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 8th. Gabelli upgraded Navistar International from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Friday, March 9th. Stifel Nicolaus set a $50.00 price target on Navistar International and gave the stock a “buy” rating in a research note on Thursday, March 8th. BMO Capital Markets upped their price target on Navistar International from $25.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, December 22nd. Finally, Piper Jaffray set a $44.00 price target on Navistar International and gave the stock a “hold” rating in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Navistar International has an average rating of “Hold” and an average price target of $43.75.

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The company has a debt-to-equity ratio of -0.91, a current ratio of 1.22 and a quick ratio of 0.91. The company has a market cap of $3,648.53, a P/E ratio of 79.82, a price-to-earnings-growth ratio of 3.88 and a beta of 2.48.

Navistar International (NYSE:NAV) last issued its earnings results on Thursday, March 8th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.17. Navistar International had a negative return on equity of 1.78% and a net margin of 0.22%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the business posted ($0.76) EPS. The company’s revenue was up 14.6% compared to the same quarter last year. analysts expect that Navistar International will post 1.91 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. bought a new position in shares of Navistar International during the 3rd quarter valued at $229,000. Alambic Investment Management L.P. bought a new position in shares of Navistar International during the 4th quarter valued at $513,000. State of Tennessee Treasury Department bought a new position in shares of Navistar International during the 4th quarter valued at $643,000. Teacher Retirement System of Texas bought a new position in shares of Navistar International during the 4th quarter valued at $649,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Navistar International during the 4th quarter valued at $672,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

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Navistar International Company Profile

Navistar International Corporation 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. It manufactures and distributes Class 4 through 8 trucks and buses in the common carrier, private carrier, government, leasing, construction, energy/petroleum, military vehicle, and student and commercial transportation markets under the International and IC brands; and designs, engineers, and produces sheet metal components, including truck cabs and engines.

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