CNH Industrial NV (NASDAQ:CNHI) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, October 17th.
CNHI has been the subject of several other research reports. Deutsche Bank AG reiterated a “buy” rating and set a $13.20 price objective (up previously from $12.80) on shares of CNH Industrial NV in a research report on Monday, October 9th. TheStreet upgraded shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Zacks Investment Research lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Stifel Nicolaus restated a “hold” rating and issued a $11.50 target price on shares of CNH Industrial NV in a report on Friday, July 14th. Finally, Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.31.
CNH Industrial NV (CNHI) traded up $0.08 on Tuesday, reaching $13.10. 992,093 shares of the company traded hands, compared to its average volume of 1,350,000. CNH Industrial NV has a 52 week low of $7.09 and a 52 week high of $13.37.
CNH Industrial NV (NASDAQ:CNHI) last posted its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The company had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the company posted $0.05 earnings per share. CNH Industrial NV’s quarterly revenue was up 15.3% on a year-over-year basis.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC lifted its holdings in CNH Industrial NV by 0.4% during the 3rd quarter. Gabelli Funds LLC now owns 5,205,336 shares of the company’s stock valued at $62,516,000 after buying an additional 22,500 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in CNH Industrial NV by 7.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock valued at $121,282,000 after buying an additional 698,600 shares in the last quarter. Parametrica Management Ltd bought a new stake in CNH Industrial NV during the 3rd quarter valued at about $126,000. Victory Capital Management Inc. bought a new stake in CNH Industrial NV during the 3rd quarter valued at about $202,000. Finally, Aperio Group LLC lifted its holdings in CNH Industrial NV by 2.8% during the 3rd quarter. Aperio Group LLC now owns 468,905 shares of the company’s stock valued at $5,632,000 after buying an additional 12,971 shares in the last quarter.
CNH Industrial NV Company Profile
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.
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