Buckingham Research upgraded shares of Navistar International (NYSE:NAV) from a neutral rating to a buy rating in a research report sent to investors on Friday, MarketBeat reports. Buckingham Research currently has $48.00 price objective on the stock. The analysts noted that the move was a valuation call.

Other research analysts also recently issued research reports about the company. Longbow Research upgraded Navistar International from a neutral rating to a buy rating and raised their target price for the stock from $25.06 to $50.00 in a research note on Friday, June 1st. Royal Bank of Canada restated a hold rating and issued a $44.00 target price on shares of Navistar International in a research note on Thursday, July 19th. Zacks Investment Research upgraded Navistar International from a hold rating to a buy rating and set a $48.00 target price for the company in a research note on Monday, September 3rd. Finally, ValuEngine downgraded Navistar International from a buy rating to a hold rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $46.47.

Shares of NYSE NAV opened at $37.92 on Friday. Navistar International has a 52 week low of $31.56 and a 52 week high of $47.73. The company has a quick ratio of 0.82, a current ratio of 1.11 and a debt-to-equity ratio of -0.85. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 74.35, a P/E/G ratio of 3.61 and a beta of 2.33.

Navistar International (NYSE:NAV) last issued its earnings results on Thursday, September 6th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $0.93 by $0.78. Navistar International had a negative return on equity of 6.37% and a net margin of 3.01%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company earned $0.38 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. equities analysts forecast that Navistar International will post 2.13 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Global X Management Co LLC boosted its position in shares of Navistar International by 20.9% during the 2nd quarter. Global X Management Co LLC now owns 23,073 shares of the company’s stock valued at $940,000 after acquiring an additional 3,989 shares during the last quarter. Jafra Capital Management LP bought a new stake in shares of Navistar International during the 2nd quarter valued at about $1,018,000. Capstone Financial Advisors Inc. boosted its position in shares of Navistar International by 72.1% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 14,676 shares of the company’s stock valued at $598,000 after acquiring an additional 6,147 shares during the last quarter. Point72 Europe London LLP bought a new stake in shares of Navistar International during the 2nd quarter valued at about $1,978,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Navistar International during the 2nd quarter valued at about $817,000. Hedge funds and other institutional investors own 80.14% of the company’s stock.

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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Analyst Recommendations for Navistar International (NYSE:NAV)

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