Navistar International Corp. (NAV) Sets New 1-Year High at $23.45
Navistar International Corp. (NYSE:NAV) hit a new 52-week high during trading on Tuesday . The company traded as high as $23.45 and last traded at $20.02, with a volume of 12,743,486 shares traded. The stock had previously closed at $14.07.
A number of equities research analysts recently commented on the stock. Jefferies Group restated a “buy” rating on shares of Navistar International Corp. in a report on Thursday, July 7th. Piper Jaffray Cos. lowered shares of Navistar International Corp. from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $11.50 in a report on Tuesday, June 28th. Avondale Partners restated a “market perform” rating and set a $9.00 price objective (down from $12.00) on shares of Navistar International Corp. in a report on Wednesday, June 15th. Stifel Nicolaus lowered shares of Navistar International Corp. from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $13.15 to $10.00 in a report on Monday, June 13th. Finally, BMO Capital Markets restated a “hold” rating on shares of Navistar International Corp. in a report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.57.
The stock’s 50 day moving average price is $13.23 and its 200-day moving average price is $12.21. The firm’s market capitalization is $1.64 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.