Navistar International Corp. (NAV) Trading Up 2%
Shares of Navistar International Corp. (NYSE:NAV) were up 2% on Wednesday . The company traded as high as $13.97 and last traded at $13.90, with a volume of 718,056 shares traded. The stock had previously closed at $13.63.
A number of analysts recently weighed in on NAV shares. Citigroup Inc. downgraded Navistar International Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 8th. Piper Jaffray Cos. downgraded Navistar International Corp. from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $11.50 in a research report on Tuesday, June 28th. Stifel Nicolaus downgraded Navistar International Corp. from a “hold” rating to a “sell” rating and dropped their target price for the stock from $13.15 to $10.00 in a research report on Monday, June 13th. Jefferies Group restated a “buy” rating on shares of Navistar International Corp. in a research report on Thursday, July 7th. Finally, BMO Capital Markets restated a “hold” rating on shares of Navistar International Corp. in a research 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 given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.88.
The stock’s market cap is $1.13 billion. The firm has a 50 day moving average of $12.48 and a 200 day moving average of $11.68.
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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