In today’s session Navistar International Corp (NAV) registered an unusually high (460) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious NAV increase. With 460 contracts traded and 10654 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: NAV161216C00033500 closed last at: $0.6 or 14.3% down. About 107,842 shares traded hands. Navistar International Corp (NYSE:NAV) has risen 96.42% since April 28, 2016 and is uptrending. It has outperformed by 90.50% the S&P500.
Analysts await Navistar International Corp (NYSE:NAV) to report earnings on December, 15. They expect $0.24 EPS, down 33.33% or $0.12 from last year’s $0.36 per share. NAV’s profit will be $20.44 million for 32.54 P/E if the $0.24 EPS becomes a reality. After $-0.13 actual EPS reported by Navistar International Corp for the previous quarter, Wall Street now forecasts -284.62% EPS growth.
Navistar International Corp (NYSE:NAV) Ratings Coverage
Out of 16 analysts covering Navistar International Corporation (NYSE:NAV), 1 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 6% are positive. $40 is the highest target while $8 is the lowest. The $15.65 average target is -49.90% below today’s ($31.24) stock price. Navistar International Corporation has been the topic of 36 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs to “Sell” on Monday, July 27. On Thursday, September 3 the stock rating was maintained by Susquehanna with “Neutral”. The company was upgraded on Friday, September 9 by Goldman Sachs. The firm has “Underweight” rating given on Friday, September 25 by Barclays Capital. The company was downgraded on Tuesday, June 14 by Stifel Nicolaus. Macquarie Research initiated the stock with “Neutral” rating in Wednesday, August 19 report. Zacks upgraded the stock to “Sell” rating in Tuesday, September 1 report. Deutsche Bank maintained the stock with “Hold” rating in Sunday, September 6 report. Susquehanna maintained the shares of NAV in a report on Wednesday, March 9 with “Neutral” rating. The rating was downgraded by Longbow on Friday, October 16 to “Neutral”.
According to Zacks Investment Research, “Navistar International is a holding company and its principal operating subsidiary is Navistar Int’l Transportation Corp. Navistar operates in three industry segments: truck; engine; and financial services. Its truck segment is engaged in the manufacture and marketing of medium and heavy trucks, including school buses. Its engine segment is engaged in the design and manufacture of mid-range diesel engines. The financial services operations consist of Navistar Financial Corp., its domestic insurance subsidiary and its foreign finance and insurance subsidiaries.”
Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 2.00, from 2 in 2016Q1. The ratio fall, as 1 funds sold all Navistar International Corp shares owned while 0 reduced positions. 2 funds bought stakes while 0 increased positions. They now own 377,905 shares or 377805.00% more from 100 shares in 2016Q1.
Stanley Management Ltd Liability Company owns 274,966 shares or 3.24% of their US portfolio. Gotham Asset Limited Liability Company holds 102,939 shares or 0.01% of its portfolio.
Insider Transactions: Since September 12, 2016, the stock had 0 insider buys, and 1 sale for $74,844 net activity. $74,844 worth of Navistar International Corp (NYSE:NAV) was sold by HAMMES MICHAEL N on Monday, September 12.
Navistar International Corporation is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The company has a market cap of $2.66 billion. The Firm is a maker of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a well-known provider of service parts for trucks and diesel engines. It currently has negative earnings. It also provides retail, wholesale, and lease financing of trucks and parts.
NAV Company Profile
Navistar International Corporation (NIC), incorporated on May 26, 1993, is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The Firm is a maker of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a well-known provider of service parts for trucks and diesel engines. It also provides retail, wholesale, and lease financing of trucks and parts. The Firm operates in four reporting divisions, which comprises: North America Truck, North America Parts, Global Operations (collectively referred to as Manufacturing operations), and Financial Services. The Company’s principal services and products include Trucks, Parts, Engines and Financial Services.
More notable recent Navistar International Corp (NYSE:NAV) news were published by: Wsj.com which released: “Navistar International Swings to Surprise Profit” on June 07, 2016, also Fool.com with their article: “Better Buy: Westport Fuel Systems Inc. vs. Navistar International Corp.” published on August 08, 2016, Fool.com published: “Why Shares of Navistar International Corp Plunged 17% Today” on June 14, 2016. More interesting news about Navistar International Corp (NYSE:NAV) were released by: Bloomberg.com and their article: “VW Buys Stake in Icahn-Backed Navistar in Bet on U.S. Trucks” published on September 06, 2016 as well as Bloomberg.com‘s news article titled: “Navistar’s Quarterly Profit Misses Estimates as Sales Slump” with publication date: September 08, 2016.
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