Navistar International Corp. (NYSE:NAV) dropped 3.6% during trading on Tuesday . The company traded as low as $11.85 and last traded at $11.92, with a volume of 416,947 shares changing hands. The stock had previously closed at $12.36.

A number of research analysts recently commented on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Navistar International Corp. in a research report on Thursday, July 7th. Piper Jaffray Cos. downgraded shares of Navistar International Corp. from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $14.00 to $11.50 in a research report on Tuesday, June 28th. Citigroup Inc. downgraded shares of Navistar International Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 8th. Stifel Nicolaus downgraded shares of Navistar International Corp. from a “hold” rating to a “sell” rating and dropped their target price for the company from $13.15 to $10.00 in a research report on Monday, June 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Navistar International Corp. in a research report on Wednesday, June 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Navistar International Corp. presently has an average rating of “Hold” and a consensus price target of $13.17.

The company’s market capitalization is $966.97 million. The stock’s 50-day moving average price is $12.18 and its 200 day moving average price is $10.90.

A hedge fund recently raised its stake in Navistar International Corp. stock. Towle & Co. increased its position in Navistar International Corp. (NYSE:NAV) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,206,359 shares of the company’s stock after buying an additional 41,530 shares during the period. Navistar International Corp. comprises 2.4% of Towle & Co.’s portfolio, making the stock its 25th largest position. Towle & Co. owned approximately 1.48% of Navistar International Corp. worth $10,664,000 as of its most recent SEC filing.

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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