Today’s Market Runner: What’s in Navistar International Corp After Achieving 52-Week High?

Today's Market Runner: What's in Navistar International Corp After Achieving 52 Week High?

The stock of Navistar International Corp (NYSE:NAV) hit a new 52-week high and has $36.47 target or 51.00% above today’s $24.15 share price. The 5 months bullish chart indicates low risk for the $2.00B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $36.47 price target is reached, the company will be worth $1.02 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 111,447 shares traded hands. Navistar International Corp (NYSE:NAV) has risen 99.74% since April 5, 2016 and is uptrending. It has outperformed by 97.79% the S&P500.

Navistar International Corp (NYSE:NAV) Ratings Coverage

Out of 16 analysts covering Navistar International Corporation (NYSE:NAV), 1 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 6% are positive. $40 is the highest target while $8 is the lowest. The $15.65 average target is -35.20% below today’s ($24.15) stock price. Navistar International Corporation has been the topic of 36 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the shares of NAV in a report on Friday, September 9 to “Neutral” rating. The stock has “Neutral” rating given by Longbow on Friday, October 16. The stock of Navistar International Corp (NYSE:NAV) earned “Underperform” rating by Macquarie Research on Tuesday, September 6. RBC Capital Markets maintained it with “Sector Perform” rating and $18 target price in Monday, September 12 report. The company was maintained on Friday, September 16 by UBS. Macquarie Research initiated Navistar International Corp (NYSE:NAV) on Wednesday, August 19 with “Neutral” rating. Macquarie Research maintained Navistar International Corp (NYSE:NAV) on Thursday, September 3 with “Neutral” rating. Jefferies maintained the stock with “Buy” rating in Thursday, September 3 report. Goldman Sachs downgraded Navistar International Corp (NYSE:NAV) rating on Monday, July 27. Goldman Sachs has “Sell” rating and $12 price target. The company was maintained on Thursday, September 3 by UBS.

According to Zacks Investment Research, “Navistar International is a holding company and its principal operating subsidiary is Navistar Int’l Transportation Corp. Navistar operates in three industry segments: truck; engine; and financial services. Its truck segment is engaged in the manufacture and marketing of medium and heavy trucks, including school buses. Its engine segment is engaged in the design and manufacture of mid-range diesel engines. The financial services operations consist of Navistar Financial Corp., its domestic insurance subsidiary and its foreign finance and insurance subsidiaries.”

Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 2.00, from 0 in 2016Q1. The ratio improved, as 1 funds sold all Navistar International Corp shares owned while 0 reduced positions. 2 funds bought stakes while 0 increased positions. They now own 377,905 shares or 377805.00% more from 100 shares in 2016Q1.
Stanley Limited Company accumulated 274,966 shares or 3.24% of the stock. Gotham Asset Limited Liability Corp holds 0.01% of its portfolio in Navistar International Corp (NYSE:NAV) for 102,939 shares.

Insider Transactions: Since September 12, 2016, the stock had 0 buys, and 1 insider sale for $74,844 net activity. Another trade for 4,000 shares valued at $74,844 was made by HAMMES MICHAEL N on Monday, September 12.

More notable recent Navistar International Corp (NYSE:NAV) news were published by: Bloomberg.com which released: “VW Buys Stake in Icahn-Backed Navistar in Bet on U.S. Trucks” on September 06, 2016, also Wsj.com with their article: “Navistar International Swings to Surprise Profit” published on June 07, 2016, Fool.com published: “Better Buy: Westport Fuel Systems Inc. vs. Navistar International Corp.” on August 08, 2016. More interesting news about Navistar International Corp (NYSE:NAV) were released by: Fool.com and their article: “Why Shares of Navistar International Corp Plunged 17% Today” published on June 14, 2016 as well as Forbes.com‘s news article titled: “Short Interest In Navistar International Decreases By 11.3%” with publication date: September 27, 2016.

NAV Company Profile

Navistar International Corporation (NIC), incorporated on May 26, 1993, is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The Firm is a maker of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a well-known provider of service parts for trucks and diesel engines. It also provides retail, wholesale, and lease financing of trucks and parts. The Firm operates in four reporting divisions, which comprises: North America Truck, North America Parts, Global Operations (collectively referred to as Manufacturing operations), and Financial Services. The Company’s principal services and products include Trucks, Parts, Engines and Financial Services.

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