Navistar International Corp. (NAV) Shares Up 4.5%
Navistar International Corp. (NYSE:NAV) shot up 4.5% during mid-day trading on Tuesday . The stock traded as high as $14.75 and last traded at $14.68, with a volume of 751,510 shares traded. The stock had previously closed at $14.05.
Several brokerages recently issued reports on NAV. Jefferies Group reiterated a “buy” rating on shares of Navistar International Corp. in a report on Thursday, July 7th. Piper Jaffray Cos. downgraded Navistar International Corp. from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $14.00 to $11.50 in a report on Tuesday, June 28th. Avondale Partners reiterated a “market perform” rating and set a $9.00 price target (down previously from $12.00) on shares of Navistar International Corp. in a report on Wednesday, June 15th. Stifel Nicolaus downgraded Navistar International Corp. from a “hold” rating to a “sell” rating and decreased their price target for the stock from $13.15 to $10.00 in a report on Monday, June 13th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Navistar International Corp. in a report on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.88.
The stock has a 50 day moving average price of $12.69 and a 200 day moving average price of $11.86. The company’s market cap is $1.18 billion.
A hedge fund recently raised its stake in Navistar International Corp. stock. Schwab Charles Investment Management Inc. raised its position in Navistar International Corp. (NYSE:NAV) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,330 shares of the company’s stock after buying an additional 36,826 shares during the period. Schwab Charles Investment Management Inc. owned 0.33% of Navistar International Corp. worth $2,355,000 as of its most recent filing with the SEC.
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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