Navistar International Corp. (NAV) Trading Down 5.5%
Navistar International Corp. (NYSE:NAV) fell 5.5% during mid-day trading on Wednesday . The stock traded as low as $13.81 and last traded at $13.95, with a volume of 495,829 shares. The stock had previously closed at $14.76.
Several research firms recently issued reports on NAV. Avondale Partners reissued 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. Wells Fargo & Co. reissued a “hold” rating on shares of Navistar International Corp. in a report on Wednesday, May 18th. BMO Capital Markets reissued 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 stock from $13.15 to $10.00 in a report on Monday, June 13th. Finally, Citigroup Inc. lowered shares of Navistar International Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 8th. Three 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 company. Navistar International Corp. currently has a consensus rating of “Hold” and an average price target of $12.88.
The stock has a 50 day moving average price of $13.13 and a 200 day moving average price of $12.17. The company’s market capitalization is $1.15 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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