Price Action Don’t Lie: Time to Reconsider Navistar International Corp After Making 52-Week High?

Price Action Don't Lie: Time to Reconsider Navistar International Corp After Making 52 Week High?

The stock of Navistar International Corp (NYSE:NAV) hit a new 52-week high and has $46.70 target or 58.00% above today’s $29.56 share price. The 7 months bullish chart indicates low risk for the $2.48B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $46.70 price target is reached, the company will be worth $1.44 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 303,306 shares traded hands. Navistar International Corp (NYSE:NAV) has risen 111.06% since April 19, 2016 and is uptrending. It has outperformed by 107.20% 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. Navistar International Corporation has been the topic of 36 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, October 6 by Stifel Nicolaus. The stock of Navistar International Corp (NYSE:NAV) earned “Buy” rating by Piper Jaffray on Tuesday, September 1. The firm has “Neutral” rating by Goldman Sachs given on Friday, September 9. Stifel Nicolaus downgraded the stock to “Sell” rating in Tuesday, June 14 report. RBC Capital Markets maintained it with “Sector Perform” rating and $18 target price in Monday, September 12 report. Susquehanna maintained the shares of NAV in a report on Thursday, September 3 with “Neutral” rating. Longbow downgraded Navistar International Corp (NYSE:NAV) on Friday, October 16 to “Neutral” rating. Macquarie Research maintained Navistar International Corp (NYSE:NAV) rating on Thursday, September 3. Macquarie Research has “Neutral” rating and $18 price target. The firm earned “Neutral” rating on Thursday, September 3 by UBS. The firm earned “Neutral” rating on Thursday, September 3 by DA Davidson.

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 decreased to 0 in 2016 Q2. Its down 2.00, from 2 in 2016Q1. The ratio fall, 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 Management Limited Co accumulated 3.24% or 274,966 shares. Moreover, Gotham Asset Ltd Llc has 0.01% invested in Navistar International Corp (NYSE:NAV) for 102,939 shares.

Insider Transactions: Since September 12, 2016, the stock had 0 buys, and 1 sale for $74,844 net activity. Shares for $74,844 were sold by HAMMES MICHAEL N.

More notable recent Navistar International Corp (NYSE:NAV) news were published by: Wsj.com which released: “Navistar International Swings to Surprise Profit” on June 07, 2016, also Fool.com with their article: “Better Buy: Westport Fuel Systems Inc. vs. Navistar International Corp.” published on August 08, 2016, Bloomberg.com published: “VW Buys Stake in Icahn-Backed Navistar in Bet on U.S. Trucks” on September 06, 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 Bloomberg.com‘s news article titled: “Navistar’s Quarterly Profit Misses Estimates as Sales Slump” with publication date: September 08, 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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