Navistar International Corp (NYSE:NAV) stock increases by 5.86%


Dallas, Texas 07/08/2013 (Financialstrend) – The rating assigned to the shares of Navistar International Corp (NYSE:NAV) was reiterated at Neutral by analysts at the Zacks in a recent research note issued to the investors last week. While the price target for the company was previously at $29.00, the shares had already crossed that level before closing in green levels for the weekend, recording a 5.86 percent surge.

Shares of Navistar International Corp (NYSE:NAV) closed at $29.08 on Friday, surging by 5.86 percent for the day. The stock price fluctuated during the day between $27.57and $29.08, after opening at $27.85 on Friday. Shares of Navistar International Corp (NYSE:NAV) have a 52-week low price of $18.17 and a 52 week high price of $38.81.

As for the percentage of equity ownership, institutional owners hold around 105 percent of the total equity capital in Navistar International Corp (NYSE:NAV) and there are 8.40 million shares outstanding in the market. The company recorded an average volume of trading at 1.52 million shares per day.

Navistar International Corp (NYSE:NAV) is an international brand which manufactures commercial and military trucks, MaxxForce brand diesel engines, Workhorse custom chassis (WCC) for motor homes and step vans, IC brand Buses, Monaco recreational vehicles (RV), as well as service parts for trailers and trucks. In addition to manufacturing the above products, Navistar International Corp (NYSE:NAV) is a private label designer and manufacturer of diesel engines of pick-up trucks, vans and sports utility vehicles. Navistar International Corp (NYSE:NAV) also provides lease financing, retail and wholesale of trucks and their parts. Navistar International Corp (NYSE:NAV) has four major segments, namely trucks, engines, parts and financial services. Mahindra and Mahindra Ltd acquired the Navistar Group’s stake in both the Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL) in February 2013.