NAV - Navistar International Corporation

NYSE - NYSE Delayed Price. Currency in USD
25.14
-0.28 (-1.10%)
At close: 4:00PM EDT
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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close25.42
Open25.01
Bid24.99 x 4000
Ask25.00 x 1000
Day's Range24.30 - 25.85
52 Week Range15.01 - 38.00
Volume1,256,767
Avg. Volume959,552
Market Cap2.501B
Beta (5Y Monthly)2.58
PE Ratio (TTM)14.37
EPS (TTM)1.75
Earnings DateJun 04, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateOct 24, 2001
1y Target Est29.75
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-10% Est. Return
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  • City of Tulsa, IC Bus Announce New 20-Year Agreement For Bus Manufacturing Plant
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    City of Tulsa, IC Bus Announce New 20-Year Agreement For Bus Manufacturing Plant

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  • Billionaire John Paulson Snaps Up These 3 Stocks: Should You?
    TipRanks

    Billionaire John Paulson Snaps Up These 3 Stocks: Should You?

    For those feeling lost in all of the stock market fog, investing gurus can offer a sense of clarity. No one more so than John Paulson, the billionaire investor who made a fortune by betting against the 2007 housing bubble.Paulson built his name and reputation the old hard way – in 1994 he parlayed his $2 million in seed money into one of the most successful hedge funds on Wall Street. In its last 13F filing, for Q1 2020, his firm, Paulson & Co, reported nearly $10.7 billion in assets under management. And in recent days, his long-term love affair with gold stocks has started turning away from lackluster returns.Gold is not the only thing drawing in Paulson’s attention – and his money. He has also recently bought heavily into heavy industrial stocks and cutting-edge high techs. We’ve used TipRanks’ database to pull up the details on three of Paulson’s recent major purchases to find out what makes those stocks special.Kirkland Lake Gold (KL)The first stock we’ll look at is, indeed, a gold stock. In fact, with a market cap over $10 billion, Kirkland plays in the gold mine big leagues. The company has six operating mines, in Canada and Australia, which last year produced over 974,000 ounces of gold. Even after the coronavirus hit, the company estimates 2020 production at 1.5 million ounces, telling investors that the increase is based on higher quality ores coming out of the mines. Kirkland’s financial position is sound, and the company saw free cash flow increase by 81% last year.In the first quarter of this year, Paulson took out a new position in KL stock, buying up more than 1.5 million shares. This is a clear sign that Paulson remains bullish on gold. In the case of Kirkland, this makes sense, as the stock, three months after the February market collapse, is back at pre-bear prices.Writing from CIBC, 5-star analyst Cosmos Chiu also sees clear sailing ahead for KL. He writes, “We continue to like Kirkland Lake Gold as one of our top picks, with three cornerstone assets of Fosterville, Macassa, and Detour Lake that continue to drive high profitability. In Q1, Kirkland Lake Gold generated $191.4 million in adjusted FCF, with Detour Lake contributing $78 million from its first two months…”Chiu’s opinion backs his Buy rating, as does his C$69 (US$$50.20) price target. At current prices, this target suggests a robust 33% upside for the coming year. (To watch Chiu’s track record, click here)Overall, Wall Street agrees that KL is a buying proposition. The stock’s 10 recent reviews break down to 7 Buys and 3 Holds, making the analyst consensus rating a Moderate Buy. KL is currently selling for $37.64, and the $47.13 average price target implies an upside of 25% this year. (See Kirkland stock analysis on TipRanks)Tech Data Corporation (TECD)The next stock on our list is not a new position for Paulson, but it is one that he increased substantially. Tech Data fills a vital niche in the IT industry. The company sells a broad range of products, from logistic capabilities and add-on value to some of the biggest names in tech. TECD’s products, in short, allow cloud, IoT, and other tech applications to work seamlessly.And let’s face it, that’s a niche that will benefit from the coronavirus crisis. With so many people shut in their homes for nearly three months, and millions of workers switching to telecommuting, networking and other high-tech connection devices were in high demand. While the market slumped in February/March, TECD saw a huge jump in earnings for Q1. While Q1 is historically the company’s best of the year, the sequential gains going into Q1 2020, of 60%, were substantially higher than the 50% sequential gain recorded between Q4 2018 and Q1 2019. The results for Q1 2020 were solid; the company reported $4.88 in EPS, beating the forecast by 2%, on top of the strong sequential gain.Tech Data’s solid position in a niche bound to see gains was clear to Paulson. He increased his holding in the stock by 50%, buying over 66,000 shares to make his total holding 200,000. At the current share price, this worth $26.7 million. Reward potential is the name of the game for 5-star Northcoast analyst Keith Housum. In his note on this stock, in which he upgraded his firm’s stance from Neutral to Buy, Housum wrote, “The recent market dislocation has created a risk/reward profile that is leaning convincingly toward a great short term opportunity for investors to lock in a 18% gain to be recognized over next several months.”Housum set a $145 price target on TECD shares, suggesting an upside that now stands at 6.5% for the next 12 months. His is the only recent review of the stock in the TipRanks database – but the Smart Score on this stock, which analyzes 8 separate factors that influence future share price, is a perfect 10. (See Tech Data stock analysis at TipRanks)Navistar (NAV)The third stock on our list is Navistar, a major player in heavy industry. The company’s main subsidiary, International, is a name well-known to truckers; it produces heavy trucks, busses, and diesel engines for both the commercial markets and the defense industry. That cereal you ate for breakfast this morning? There’s good chance it was delivered to the grocery store in an International truck.The economic shutdowns in response to coronavirus hit NAV hard, and the company’s stock – which had been riding high after a strong Q4 earnings beat – has still not recovered from the February price crash. There are at least two bright spots. First, the Q1 losses were not quite as deep as expected; NAV reported a net loss of 33 cents per share, against the forecast of 38 cents. And second, the company is sitting on $1 billion in available cash, and requires about half that sum to maintain operations. It’s an enviable position for any company to hold, and, along with is one of the company’s clear strengths.That NAV has clear strengths is shown by Paulson’s move toward the stock. He bought up over 223,000 shares in Q1, opening a new position that is currently worth almost $5.8 million. Paulson is known for accepting risk – but he’s also known for betting big before the markets change direction.It’s worth paying attention, because on this one Paulson is heading at right angles to the Wall Street sentiment. BMP Capital’s Joel Tiss rates NAV a Hold, writing, “The company has done a tremendous amount of work to lower its cost structure, redesign its products, and gain back some lost market share all while trimming its less profitable product lines… and seeing that the need for new vehicles from large leasing and rental companies is projected to drop by as much as 50% y/y in 2020, we expect the company’s market share could come under further pressure this year.”Even with his Hold, however, Tiss does not give up on NAV. His $35 price target implies a solid upside of 34% for the coming year. (To watch Tiss’ track record, click here)NAV has a unanimous analyst consensus rating – a solid Hold, based on 6 reviews. The stock has been volatile in the past year, and the current share price is $26.68. At $31.33, the average price target indicates room for a potentially strong upside of 17%. (See Navistar stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • John Paulson Adds 2 Stocks to Portfolio, Boosts Tiffany
    GuruFocus.com

    John Paulson Adds 2 Stocks to Portfolio, Boosts Tiffany

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  • Autopsy Of A Recall: Navistar Engine Issue Gets Special Attention
    Benzinga

    Autopsy Of A Recall: Navistar Engine Issue Gets Special Attention

    Navistar International Corp. (NYSE: NAV) is recalling more than 4,900 late-model Class 8 International LT and RH tractors because defective connecting rods could cause engine failure, stranding a driver in traffic.The company knows of three instances in which a driver was stuck in a lane of traffic and dozens in which the driver managed to ease the truck to the side of the road. An engine knocking noise, rough idle or an engine warning light can alert a driver to an imminent engine shutdown.No related crashes or injuries are known, Navistar Vice President of Service Mark Reiter told FreightWaves.Behind the scenesIn a rare behind-the-scenes look at the analysis of a problem and the discussions of what to do about it, Navistar described what led to an April 30 safety defect report to the National Highway Traffic Safety Administration (NHTSA). The agency posted the recall on its website on Thursday."One of the things we did was reach out to some of these fleets' call centers so we could find out what the driver actually reported," Reiter said. "We wanted to understand whether there were safety concerns for drivers."Company investigators collected data for the 2018-2020 International LT and the 2019 and 2020 RH on-highway trucks with Navistar A26 engines. An estimated 13%, or about 640 trucks in the recall population, is likely to experience the issue. About five failures a week are being reported, Reiter said.Supplier changeThe suspect parts, made by Camtac Manufacturing, a Linamar Corp. subsidiary in Guelph, Ontario, connect the piston to the crankshaft. One of two Camtac machines making connecting rods was machined outside the design tolerance for straightness between February 2018 and June 2019.Coincidentally, Navistar was onboarding a new supplier for the component when it learned in September 2019 of connecting rod failures in five trucks at one fleet, Reiter said."We accelerated that change, so within six weeks we went from first notification of an issue to being out of the supplier and into a different supplier so we were able to have clean connecting rods," he said.‘Infant mortality'The connecting rod issue is what safety investigators call "infant mortality," meaning it presents itself early in a vehicle's life. The trouble spot is in the low 100,000s of miles. Trucks with higher mileage are unlikely to have the issue.In the faulty connecting rods, the bushing material in the small end bore of the connecting rod can develop cracks or lose chunks of bushing material over time, leading to connecting rod engine failure, Navistar told the NHTSA. "This is a fatigue failure," Reiter said. "This is not a wearout mode."Determining the beginning of a defect is easy because of multiple failures. "The part you really want to get right is when does it end," he said. Connecting rods are among Navistar engine components covered under a 500,000-mile warranty.Internal debateEven with a relatively high failure rate, Navistar was unconvinced the issue imperiled driver safety. Its data analytics team identified more than 90% of the trucks likely to have bad connecting rods."This was one that we weren't sure if it was a safety concern at all, and there's probably still some people that [disagree it is]," Reiter said.The company considered how to address the problem short of replacing the engines in 4,499 trucks in the United States and 410 trucks in Canada. Navistar decided the best remedy would be a red dashboard warning light programmed into the engine control module (ECM) or by adding a sensor. Newer trucks could get a fix delivered over the air and skip a trip to a dealership."We [looked at] previous recalls where the remedy was to provide advance notification of a failure," Reiter said. "We saw that some other manufacturers had done something similar."Navistar considered but rejected advising drivers against operating the trucks since 87% are believed to be free of the problem."One of the things that is unique about this recall is that the remedy is not to go out and replace every engine or connecting rod in the suspect population," Reiter said. "Although the failure rate is high, we don't think it's high enough to do open-heart surgery."Navistar is still developing the warning light fix. Customers and dealers will be informed by letter by July 8 or sooner. The NHTSA recall is 20V-See more from Benzinga * Cummins' Melting Fuel Heater Leads To Big Navistar Recall * Daimler Trucks Cautiously Resumes US Production * Truck Sales In Mexico Fall Sharply Due To Coronavirus Pandemic(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • International Truck, Triumph Business Capital And TriumphPay Collaborate To Provide $75,000 Of Personal Protective Equipment To Truck Drivers
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  • Moody's

    Navistar International Corp. -- Moody's announces completion of a periodic review of ratings of Navistar International Corp.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Navistar International Corp. New York, May 04, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Navistar International Corp. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.

  • Navistar Announces Closing Of $600 Million Offering Of 9.500% Senior Secured Notes
    PR Newswire

    Navistar Announces Closing Of $600 Million Offering Of 9.500% Senior Secured Notes

    Navistar International Corporation (NYSE: NAV) ("Navistar") today announced the completion of its private offering of $600 million of its 9.500% senior secured notes due 2025 (the "notes") at an issue price of 100.0% of the aggregate principal amount of the notes. The offering was upsized to $600 million from the previously announced offering size of $500 million. Navistar expects to use the net proceeds of the offering for general corporate purposes. J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers of the offering.

  • Cummins' Melting Fuel Heater Leads To Big Navistar Recall
    Benzinga

    Cummins' Melting Fuel Heater Leads To Big Navistar Recall

    Navistar Inc. is recalling more than 50,000 trucks and buses because an electric fuel heater in a Cummins' medium-duty diesel engine used in school buses, trucks and emergency vehicles could overheat, causing plastic in the fuel heater to melt and potentially catch fire.If that happens, an unexpected engine stall could occur, increasing the possibility of a crash, according to Cummins' and Navistar filings with the National Highway Traffic Safety Administration (NHTSA).The International trucks and IC buses account for the majority of 68,605 engines that Cummins Inc. (NYSE: CMI) recalled March 31. Navistar International, Inc. (NYSE: NAV) was the only customer listed in Cummins' recall notice. The status of the other 17,885 engines was unknown.  About 10% of the Cummins' B6.7 diesel engines are suspected to have the condition. Cummins said it was unaware of any fires, accidents or injuries related to the condition.Cummins is developing a remedy and will notify International and IC dealers on April 30. The recall is expected to start May 29.Cummins investigated the first case of the fuel heater melting in early February. It became aware of 12 cases of the component melting by the time it decided on March 24 to conduct a recall. The NHTSA recall is 20E-018.Cummins told Navistar of the issue, and the truck maker developed the affected population covered in NHTSA recalls 20V-219 and 20V-220.The 27,421 vehicles in the first Navistar recall are:IC Bus/1300 FBC/2018-2019IC Bus/CE/2018-2021IC Bus/HC/2018-2019 IC Bus/TC/2019-2021 International/Durastar/2017-2020International/HV/2018-2021International/MV/2018-2021 andInternational/Workstar/2017-2020The second Navistar recall covers 23,299 models of IC Bus/CE from the 2017-2021 model years.See more from Benzinga * Today's Pickup: C.R. England Tops Four Million Meals Donated * Trucking Freight Futures Market Summary Week Ending 4-24-2020 * Australia Secures Subsidized Airfreight For Exporters(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Daimler Trucks Cautiously Resumes US Production
    Benzinga

    Daimler Trucks Cautiously Resumes US Production

    Daimler Trucks North America (DTNA), the largest manufacturer of heavy-duty trucks in North America, resumed production at its U.S. plants this week, albeit with plant-specific worker protections in place.The maker of Freightliner and Western Star trucks had suspended production on March 24 on a week-by-week basis at plants in Mount Holly and Cleveland, North Carolina; Gaffney, South Carolina; and Portland, Oregon."We are going to great lengths to ensure the safety of our employees and continue to assess the situation daily," the Portland-based subsidiary of Daimler Trucks AG said in a statement. "The safety and well-being of our employees is our priority as we return to work to support the critical essential infrastructure of the country."In addition to providing PPE at our locations, we have localized task forces comprised of both plant management and union labor representation at each of our manufacturing facilities to safeguard the health of our employees and to continue to assess our measures daily."Parent company Daimler AG (OTCMKTS: DDAIF) began reopening Mercedes-Benz car plants in Europe this week as well.Other truck makers reported various states of operation.Navistar International Corp. (NYSE: NAV), which makes International trucks in Springfield, Ohio, and Escobedo, Mexico, said last week it was extending its production suspension until early May while also trying to conserve cash. The company on Tuesday said it plans to sell $500 million in senior secured debt depending on market conditions."The extent of this virus is unprecedented, and our personal lives, businesses and global economies are being impacted by events beyond our control," Navistar CEO Troy Clarke said April 14.Volvo Group, parent for Volvo Trucks North America and Mack Trucks, did not immediately provide an update on production. * Mack had suspended production through April 17 in Lehigh Valley, Pennsylvania.  * Volvo Trucks was operating a skeletal staff at its manufacturing complex in Dublin, Virginia. * An engine plant serving Volvo and Mack assembly plants was closed through April 10.PACCAR Inc. (NASDAQ: PCAR) parent of Kenworth Truck Co. and Peterbilt Motors, told analysts on its first-quarter earnings call Tuesday that it was gradually reopening plants, starting with Europe and Australia."It's going to be done on a location-by-location basis in a phased manner," PACCAR CEO Preston Feight said. "We will work through the rest of our plants in the coming weeks and make sure we take care of the employees and bring the truck factories back up and running."Truck manufacturers face a difficult environment as new equipment orders were already challenged by overproduction in 2018 and 2019.The coronavirus pandemic made the situation more dire as North American industry inventory-to-sales ratios of unsold trucks swelled to 4.1 months at the end of March compared with the desired 2.5 months, according to ACT Research.Photo credit: DaimlerSee more from Benzinga * Landstar Saw Market Deteriorate In Last Week Qf Quarter, Issues No 2Q Guidance * CSX First-Quarter Net Profit Falls But Operating Ratio Reaches Record * Get Ready For The New, Slimmer Delta(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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    MarketWatch

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  • Moody's

    Navistar International Corp. -- Moody's assigns B2 to Navistar's new senior secured notes; outlook is negative

    Moody's Investors Service, ("Moody's") assigned a B2 rating to Navistar International's (Navistar) $500 million of new senior secured notes (Notes) due 2025. Navistar's other ratings are unchanged, including the corporate family rating (CFR) at B2 and senior unsecured rating at B3. Also unchanged are the rating of its major operating subsidiary, Navistar, Inc, with senior secured term loan at Ba2 and the industrial revenue bonds at B1.

  • Navistar Announces Proposed Offering Of Senior Secured Notes
    PR Newswire

    Navistar Announces Proposed Offering Of Senior Secured Notes

    Navistar International Corporation (NYSE: NAV) ("Navistar") today announced that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of senior secured notes due 2025 (the "notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

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  • Moody's

    Navistar International Corp. -- Moody's affirms Navistar ratings with CFR at B2; outlook negative

    Moody's Investors Service, ("Moody's") affirmed the ratings of Navistar International Corp. ("Navistar"), including the corporate family rating (CFR) at B2 and senior unsecured rating at B3, and also affirmed the rating of its major operating subsidiary, Navistar, Inc. with senior secured at Ba2 and the industrial revenue bonds at B1. The Speculative Grade Liquidity rating is unchanged at SGL-3.

  • Coronavirus update: 1.96 million cases worldwide, 125,476 deaths; and Trump goes into battle with state governors
    MarketWatch

    Coronavirus update: 1.96 million cases worldwide, 125,476 deaths; and Trump goes into battle with state governors

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    Zacks

    Here's What Navistar is Doing to Combat Coronavirus Crisis

    Navistar (NAV) slashes its capital spending for 2020 by 30% to minimize costs during a period of reduced business amid coronavirus outbreak.

  • MarketWatch

    Truck maker Navistar extends plant stoppage due to supply snag

    Navistar International Corp. said Monday that a halt to its truck assembly plant in Ohio has been extended through early May due to a supply snag. The commercial truck and bus manufacturer also announced temporary cost reduction measures, including postponing some of its planned spending, deferring pension contributions and a portion of salaries of certain employees, and reducing the workweek of its contractors. The company had already announced other deferrals and delays, including a delay in 401(k) company-match contributions until 2021. The measures are expected to save about $300 million in cash through the end of the company's fiscal year in October, Navistar said. As of last week, the company had cash and cash equivalents of more than $1 billion, it said. "We held a strong manufacturing cash position heading into this pandemic, and the actions we are taking allow us to manage cash flow in response to these extraordinary times," Chief FInancial Officer Walter G. Borst said in a statement. Shares of Navistar rose 1.2% in the extended session Monday after ending the regular trading day down 1.6%.

  • Navistar Takes Proactive Measures In Response To COVID-19
    PR Newswire

    Navistar Takes Proactive Measures In Response To COVID-19

    Navistar International Corporation (NYSE: NAV) today provided an update on actions it is taking in response to the COVID-19 pandemic.

  • Navistar (NAV) Down 52.6% Since Last Earnings Report: Can It Rebound?
    Zacks

    Navistar (NAV) Down 52.6% Since Last Earnings Report: Can It Rebound?

    Navistar (NAV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Thomson Reuters StreetEvents

    Edited Transcript of NAV earnings conference call or presentation 4-Mar-20 2:00pm GMT

    Q1 2020 Navistar International Corp Earnings Call

  • Navistar Provides Manufacturing Operations Update
    PR Newswire

    Navistar Provides Manufacturing Operations Update

    Navistar International Corporation (NYSE: NAV) makes changes in its manufacturing operations in response to the continued impacts of COVID-19.