Navistar International Corp. (NAV) Trading Up 4%
Navistar International Corp. (NYSE:NAV)’s share price was up 4% during mid-day trading on Monday . The company traded as high as $14.16 and last traded at $14.07, with a volume of 945,400 shares traded. The stock had previously closed at $13.53.
A number of equities analysts recently issued reports on NAV shares. Citigroup Inc. cut shares of Navistar International Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 8th. Piper Jaffray Cos. lowered Navistar International Corp. from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $14.00 to $11.50 in a research report on Tuesday, June 28th. Stifel Nicolaus lowered Navistar International Corp. from a “hold” rating to a “sell” rating and decreased their target price for the stock from $13.15 to $10.00 in a research report on Monday, June 13th. Jefferies Group reissued a “buy” rating on shares of Navistar International Corp. in a research report on Thursday, July 7th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Navistar International Corp. in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.57.
The firm has a 50-day moving average of $13.23 and a 200-day moving average of $12.21. The firm’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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