Navistar International Corp. (NAV) Shares Down 5.5%
Shares of Navistar International Corp. (NYSE:NAV) traded down 5.5% during mid-day trading on Wednesday . The company traded as low as $13.81 and last traded at $13.95, with a volume of 495,829 shares changing hands. The stock had previously closed at $14.76.
A number of analysts have recently issued reports on the company. Avondale Partners reiterated a “market perform” rating and set a $9.00 price target (down previously from $12.00) on shares of Navistar International Corp. in a research report on Wednesday, June 15th. Wells Fargo & Co. restated a “hold” rating on shares of Navistar International Corp. in a research report on Wednesday, May 18th. BMO Capital Markets restated a “hold” rating on shares of Navistar International Corp. in a research report on Wednesday, June 8th. Stifel Nicolaus downgraded Navistar International Corp. from a “hold” rating to a “sell” rating and dropped their target price for the stock from $13.15 to $10.00 in a research report on Monday, June 13th. Finally, Citigroup Inc. downgraded Navistar International Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 8th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.88.
The firm’s 50 day moving average is $13.18 and its 200-day moving average is $12.20. The stock’s market cap is $1.14 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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