Navistar International Corp. (NAV) Trading 4% Higher
Navistar International Corp. (NYSE:NAV) shares traded up 4% during mid-day trading on Monday . The company traded as high as $14.75 and last traded at $14.67, with a volume of 516,422 shares changing hands. The stock had previously closed at $14.10.
A number of research analysts recently issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of Navistar International Corp. in a research note on Thursday, July 7th. Piper Jaffray Cos. lowered shares of Navistar International Corp. from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $14.00 to $11.50 in a research note on Tuesday, June 28th. 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 research note on Wednesday, June 15th. Stifel Nicolaus lowered shares of Navistar International Corp. from a “hold” rating to a “sell” rating and lowered their target price for the company from $13.15 to $10.00 in a research note on Monday, June 13th. Finally, BMO Capital Markets reiterated 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 given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.88.
The stock’s 50-day moving average is $13.13 and its 200 day moving average is $12.17. The stock’s market capitalization is $1.19 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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