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Navistar International Corp (NAV): Today's Featured Automotive Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Navistar International ( NAV) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Navistar International fell 63 cents (-2.8%) to $21.66 on average volume. Throughout the day, 1.7 million shares of Navistar International exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $21.37-$22.35 after having opened the day at $22.25 as compared to the previous trading day's close of $22.29. Other companies within the Automotive industry that declined today were: Monro Muffler/Brake ( MNRO), down 6.2%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 3.9%, and Tata Motors ( TTM), down 2.1%.

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Navistar International Corporation, through its subsidiaries, manufactures and sells commercial and military trucks, buses, diesel engines, recreational vehicles (RVs), and chassis, as well as provides service parts for trucks and trailers. Navistar International has a market cap of $1.55 billion and is part of the consumer goods sector. The company has a P/E ratio of 205.5, above the average automotive industry P/E ratio of 173.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 41.2% year to date as of the close of trading on Friday. Currently there are four analysts that rate Navistar International a buy, two analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Navistar International as a hold. The company's strongest point has been its strong cash flow from operations. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins.

On the positive front, Titan International ( TWI), up 5.5%, Motorcar Parts of America ( MPAA), up 4.3%, Honda Motor ( HMC), up 3.8%, and Hyster-Yale Materials Handling ( HY), up 3.3%, were all gainers within the automotive industry with Harley-Davidson ( HOG) being today's featured automotive industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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