Navistar International Corp. (NAV) Shares Up 4%
Navistar International Corp. (NYSE:NAV) shares were up 4% on Monday . The stock traded as high as $14.75 and last traded at $14.67, with a volume of 516,422 shares traded. The stock had previously closed at $14.10.
Several brokerages have issued reports on NAV. Citigroup Inc. lowered 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 cut their target price for the stock from $14.00 to $11.50 in a research note on Tuesday, June 28th. Stifel Nicolaus lowered Navistar International Corp. from a “hold” rating to a “sell” rating and cut their target price for the stock from $13.15 to $10.00 in a research note on Monday, June 13th. Jefferies Group reaffirmed a “buy” rating on shares of Navistar International Corp. in a research note on Thursday, July 7th. Finally, BMO Capital Markets reaffirmed a “hold” 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 issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.88.
The stock’s market capitalization is $1.19 billion. The stock has a 50-day moving average price of $12.99 and a 200-day moving average price of $11.99.
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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