Navistar International Corp. (NYSE:NAV) shares dropped 9.4% during mid-day trading on Tuesday . The company traded as low as $10.85 and last traded at $10.98, with a volume of 572,071 shares changing hands. The stock had previously closed at $12.12.

A number of brokerages have recently weighed in on NAV. Zacks Investment Research raised shares of Navistar International Corp. from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, March 16th. Susquehanna raised their price objective on shares of Navistar International Corp. from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 9th. Wells Fargo & Co. reissued a “market perform” rating on shares of Navistar International Corp. in a research note on Monday, March 14th. Citigroup Inc. cut shares of Navistar International Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 8th. Finally, Piper Jaffray Cos. cut 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 research note on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. Navistar International Corp. has an average rating of “Hold” and a consensus target price of $13.17.

The firm’s market cap is $932.70 million. The firm’s 50-day moving average is $11.86 and its 200-day moving average is $10.70.

A number of hedge funds have bought and sold shares of NAV. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Navistar International Corp. by 10.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 123,792 shares of the company’s stock valued at $1,094,000 after buying an additional 11,782 shares in the last quarter. Towle & Co. increased its stake in Navistar International Corp. by 3.6% in the fourth quarter. Towle & Co. now owns 1,206,359 shares of the company’s stock valued at $10,664,000 after buying an additional 41,530 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Navistar International Corp. by 1.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 6,435,765 shares of the company’s stock valued at $56,892,000 after buying an additional 98,322 shares in the last quarter.

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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