Navistar International Corp. (NAV) Shares Up 4.6%
Navistar International Corp. (NYSE:NAV) shot up 4.6% during mid-day trading on Thursday . The company traded as high as $13.37 and last traded at $13.33, with a volume of 390,253 shares. The stock had previously closed at $12.74.
A number of brokerages recently issued reports on NAV. Avondale Partners reissued a “market perform” rating and set a $9.00 price target (down from $12.00) on shares of Navistar International Corp. in a research note on Wednesday, June 15th. Citigroup Inc. lowered Navistar International Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 8th. BMO Capital Markets reissued a “hold” rating on shares of Navistar International Corp. in a research note on Wednesday, June 8th. Stifel Nicolaus lowered 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 research note on Monday, June 13th. Finally, Jefferies Group reissued a “buy” rating on shares of Navistar International Corp. in a research note on Wednesday, June 8th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.24.
The firm has a 50-day moving average of $12.26 and a 200 day moving average of $11.50. The firm’s market cap is $1.07 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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