Why Navistar International Corporation (NYSE: NAV) Stock is a Buy

22265 17 0 0 0 0 (0)

Navistar International Corporation (NYSE: NAV) is a manufacturer of commercial & military trucks, diesel engines, buses, as well as a provider of service parts for trucks & diesel engines. It also provides retail, wholesale & lease financing services for trucks and parts. Navistar reported a better-than-expected 4th quarter quarterly profit and raised its truck delivery forecast for 2019. The company reported earnings of $1.89 per share on revenue of $3.3 billion. The consensus earnings estimate was $1.68 per share on revenue of $3.3 billion. Revenue grew 27.7% on a year-over-year basis. 

Navistar International Corporation (NYSE: NAV) revenue increase was largely driven by a 45-percent increase in the company's core volumes, which represent its sales of Class 6-8 trucks and buses in the United States and CanadaNavistar said it plans to deliver more of its long-haul Class 8 trucks. Class 8 trucks are used by the rigs that transport freight across America's highways. Trucking companies are replacing older vehicles with more fuel-efficient ones. Moreover, the company has gained traction from a robust U.S. economy that is seeing strong freight demand drive sales. We believe 2019 is shaping up as another very good year for Navistar International Corporation (NYSE: NAV)

Register now for the world's best investment ideas 

Over the past week, Navistar investment grade on the Hade Platform has risen steadily, making it a Top 30 stock. Ironically, this stability in overall rating happens during a time when the overall market is falling, and as our investment grades as an average have consistently declined for the last four months, effectively predicting a correction.

With overall investment grades still lower, we suggest holding large sums of cash and being very selective when making investment decisions. According to Navistar stock’s current grade, it might very well be one of those selective opportunities. Why should you trust our ratings? The Hade Platform has proven over the course of three years through the application of Deep Learning Algorithms  (DLA) and Artificial Intelligence (AI) that it consistently outperforms Wall Street consensus estimates (63%) and major benchmarks such as the S&P 500 (250%). Access our premium services and start beating the market.

Free users on Hade Platform can build a watchlist of stocks and access investment grades from our database of more than 4,000 securities. Premium members can access the platform to get an instant look at which stocks rate highest for value, growth, dividend, and which have the greatest short-term momentum, thereby allowing members to identify areas of opportunity. Premium services include interest trends, risk analysis, machine learning predictions, Top 100 stocks, MatriX Portfolio and more. 

Comments (0)

Recent Updates

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Consumables Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Europe Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - United States Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Rest of World Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Technologies and Equipment Total Net Sales ex. PM sales Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Technologies and Equipment Revenue