CNH Industrial NV (NASDAQ:CNHI)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a research note issued on Monday, October 9th. They currently have a $13.20 price target on the stock, up from their previous price target of $12.80. Deutsche Bank AG’s price objective would suggest a potential upside of 9.82% from the stock’s previous close.
Several other brokerages have also recently commented on CNHI. BidaskClub upgraded shares of CNH Industrial NV from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 5th. Seaport Global Securities upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $14.00 in a report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $11.50 price target on shares of CNH Industrial NV in a report on Friday, July 14th. 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. Finally, Zacks Investment Research cut shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.31.
CNH Industrial NV (NASDAQ:CNHI) traded up 0.42% on Monday, reaching $12.02. 677,463 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $11.82 and a 200-day moving average of $11.31. The company has a market cap of $16.40 billion and a P/E ratio of 38.77. CNH Industrial NV has a 12-month low of $7.09 and a 12-month high of $12.27.
CNH Industrial NV (NASDAQ:CNHI) last announced its earnings results on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 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 $6.95 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts expect that CNH Industrial NV will post $0.45 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in CNH Industrial NV by 4.3% during the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after acquiring an additional 415 shares during the period. Ameriprise Financial Inc. increased its holdings in CNH Industrial NV by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after buying an additional 199 shares during the period. FMR LLC increased its holdings in CNH Industrial NV by 14.4% in the 2nd quarter. FMR LLC now owns 11,900 shares of the company’s stock valued at $135,000 after buying an additional 1,500 shares during the period. Ballentine Partners LLC bought a new stake in CNH Industrial NV in the 2nd quarter valued at $136,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in CNH Industrial NV in the 2nd quarter valued at $158,000.
About CNH Industrial NV
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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