Navistar International Corp. (NAV) Trading Down 6.7%
Navistar International Corp. (NYSE:NAV) fell 6.7% on Tuesday . The stock traded as low as $11.83 and last traded at $11.87, with a volume of 644,643 shares traded. The stock had previously closed at $12.72.
Several brokerages have weighed in on NAV. Avondale Partners reiterated 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. restated a “hold” rating on shares of Navistar International Corp. in a research note on Wednesday, May 18th. BMO Capital Markets restated a “hold” rating on shares of Navistar International Corp. in a research note on Wednesday, June 8th. Jefferies Group restated a “buy” rating on shares of Navistar International Corp. in a research note on Wednesday, June 8th. Finally, Stifel Nicolaus cut Navistar International Corp. from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $13.15 to $10.00 in a research note on Monday, June 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.24.
The company has a 50 day moving average of $12.16 and a 200-day moving average of $11.26. The company’s market cap is $1.01 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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