Stifel Nicolaus Reiterates “Hold” Rating for CNH Industrial (CNHI)

CNH Industrial (NYSE:CNHI)‘s stock had its “hold” rating restated by Stifel Nicolaus in a research note issued to investors on Monday, November 13th, Marketbeat Ratings reports. They presently have a $13.40 target price on the stock, up from their previous target price of $12.00. Stifel Nicolaus’ price objective points to a potential upside of 4.20% from the company’s previous close.

A number of other research analysts have also weighed in on CNHI. Zacks Investment Research lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Evercore ISI upgraded shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Deutsche Bank reiterated a “hold” rating and issued a $12.81 target price (up previously from $10.87) on shares of CNH Industrial in a report on Thursday, July 27th. Finally, TheStreet upgraded shares of CNH Industrial from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.51.

Shares of CNH Industrial (CNHI) traded down $0.14 during midday trading on Monday, reaching $12.86. 3,192,239 shares of the company traded hands, compared to its average volume of 1,995,416. The company has a market capitalization of $17,727.80, a price-to-earnings ratio of 27.08 and a beta of 0.86. CNH Industrial has a fifty-two week low of $8.40 and a fifty-two week high of $13.37. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42.

CNH Industrial (NYSE:CNHI) last issued its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $5.03 billion. CNH Industrial had a net margin of 1.66% and a return on equity of 14.63%. CNH Industrial’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. equities analysts anticipate that CNH Industrial will post 0.47 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of CNHI. Vanguard Group Inc. increased its stake in shares of CNH Industrial by 9.8% in the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock worth $275,133,000 after purchasing an additional 2,164,105 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of CNH Industrial by 51.7% in the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after acquiring an additional 2,040,505 shares during the period. Teachers Advisors LLC boosted its position in shares of CNH Industrial by 52,429.3% in the first quarter. Teachers Advisors LLC now owns 1,280,140 shares of the company’s stock valued at $12,341,000 after acquiring an additional 1,277,703 shares during the period. Bank of America Corp DE boosted its position in shares of CNH Industrial by 624.1% in the first quarter. Bank of America Corp DE now owns 1,027,927 shares of the company’s stock valued at $9,909,000 after acquiring an additional 885,966 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of CNH Industrial by 61.1% in the third quarter. JPMorgan Chase & Co. now owns 2,120,610 shares of the company’s stock valued at $25,363,000 after acquiring an additional 804,286 shares during the period. Hedge funds and other institutional investors own 18.18% of the company’s stock.

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About CNH Industrial

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.

Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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