Navistar International Corp. (NAV) Shares Up 4.6%
Navistar International Corp. (NYSE:NAV) shares shot up 4.6% during mid-day trading on Friday . The company traded as high as $12.79 and last traded at $12.66, with a volume of 577,555 shares trading hands. The stock had previously closed at $12.10.
A number of research firms have issued reports on NAV. Avondale Partners restated a “market perform” rating and issued a $9.00 target price (down from $12.00) on shares of Navistar International Corp. in a report on Wednesday, June 15th. Citigroup Inc. lowered shares of Navistar International Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 8th. BMO Capital Markets restated a “hold” rating on shares of Navistar International Corp. in a report on Wednesday, June 8th. Stifel Nicolaus lowered shares of Navistar International Corp. from a “hold” rating to a “sell” rating and reduced their target price for the company from $13.15 to $10.00 in a report on Monday, June 13th. Finally, Jefferies Group restated a “buy” rating on shares of Navistar International Corp. in a report on Wednesday, June 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.24.
The stock’s market capitalization is $1.02 billion. The stock’s 50 day moving average is $12.17 and its 200 day moving average is $11.27.
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.
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