Navistar International Corp (NAV) is Downgraded by Macquarie to Underperform

Navistar International Corp (NAV) was Downgraded by Macquarie to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Macquarie advised their investors in a research report released on Sep 6, 2016.

Many Wall Street Analysts have commented on Navistar International Corp. Navistar International Corp was Downgraded by Piper Jaffray to ” Neutral” on Jun 28, 2016. Stifel Downgraded Navistar International Corp on Jun 14, 2016 to ” Sell”, Price Target of the shares are set at $10.

On the company’s financial health, Navistar International Corp reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $-0.15. The company had revenue of $2197.00 million for the quarter, compared to analysts expectations of $2176.60 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.78 EPS.

Navistar International Corp closed down -0.51 points or -3.63% at $13.53 with 12,92,444 shares getting traded on Thursday. Post opening the session at $14.04, the shares hit an intraday low of $13.3 and an intraday high of $14.17 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Navistar International Corporation (NIC) is a holding company whose principal operating subsidiaries are Navistar Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks MaxxForce brand diesel engines IC Bus (IC) brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. It also provides retail wholesale and lease financing of trucks and parts. The Company operates in four reporting segments which comprises: North America Truck North America Parts Global Operations (collectively referred to as Manufacturing operations) and Financial Services. Its principal products and services include Trucks Parts Engines and Financial Services.

Navistar International Corp

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