CNH Industrial NV (NASDAQ:CNHI) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday, October 5th.
A number of other research firms also recently commented on CNHI. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and increased their target price for the company from $11.00 to $14.00 in a research report on Thursday, July 13th. Deutsche Bank AG reiterated a “hold” rating and set a $10.00 price target on shares of CNH Industrial NV in a research note on Tuesday, July 4th. Zacks Investment Research upgraded shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, July 5th. Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $12.00 target price on shares of CNH Industrial NV in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.31.
Shares of CNH Industrial NV (CNHI) traded down 0.42% on Thursday, reaching $11.92. The company had a trading volume of 165,826 shares. The stock’s 50 day moving average is $11.71 and its 200 day moving average is $11.25. The firm has a market capitalization of $16.26 billion and a price-to-earnings ratio of 38.45. CNH Industrial NV has a 52 week low of $7.09 and a 52 week high of $12.27.
CNH Industrial NV (NASDAQ:CNHI) last announced its earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $7.07 billion. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. On average, equities analysts anticipate that CNH Industrial NV will post $0.45 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNHI. Quadrant Capital Group LLC lifted 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 valued at $110,000 after buying an additional 415 shares in the last quarter. Ameriprise Financial Inc. lifted its position in CNH Industrial NV by 1.6% during the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after buying an additional 199 shares in the last quarter. FMR LLC lifted its position in CNH Industrial NV by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock valued at $135,000 after buying an additional 1,500 shares in the last quarter. Ballentine Partners LLC acquired a new position in CNH Industrial NV during the second quarter valued at approximately $136,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in CNH Industrial NV during the second quarter valued at approximately $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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