Navistar International Corp. (NAV) Trading 4.6% Higher
Navistar International Corp. (NYSE:NAV) shares traded up 4.6% during mid-day trading on Thursday . The company traded as high as $13.37 and last traded at $13.33, with a volume of 390,253 shares traded. The stock had previously closed at $12.74.
A number of research analysts recently issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of Navistar International Corp. in a research report on Thursday, July 7th. Piper Jaffray Cos. downgraded shares of Navistar International Corp. from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $14.00 to $11.50 in a research report on Tuesday, June 28th. Avondale Partners reiterated a “market perform” rating and set a $9.00 target price (down previously from $12.00) on shares of Navistar International Corp. in a research report on Wednesday, June 15th. Stifel Nicolaus downgraded shares of Navistar International Corp. from a “hold” rating to a “sell” rating and dropped their target price for the company from $13.15 to $10.00 in a research report on Monday, June 13th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Navistar International Corp. in a research report on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.24.
The firm’s 50-day moving average is $12.23 and its 200-day moving average is $11.44. The company’s market capitalization is $1.09 billion.
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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