Shares of CNH Industrial NV (NASDAQ:CNHI) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.31.
Several brokerages recently commented on CNHI. Zacks Investment Research upgraded CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, July 5th. Seaport Global Securities upgraded CNH Industrial NV from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $14.00 in a report on Thursday, July 13th. TheStreet upgraded CNH Industrial NV from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. BidaskClub cut CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $11.50 target price on shares of CNH Industrial NV in a report on Friday, July 14th.
Shares of CNH Industrial NV (CNHI) traded down 0.17% during mid-day trading on Thursday, hitting $11.95. 1,263,464 shares of the company were exchanged. The company has a market capitalization of $16.30 billion and a price-to-earnings ratio of 38.55. The firm has a 50 day moving average of $11.71 and a 200 day moving average of $11.25. 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, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a return on equity of 21.59% and a net margin of 3.17%. The business had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Equities research analysts forecast that CNH Industrial NV will post $0.45 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in CNH Industrial NV by 4.3% in 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 during the period. Ameriprise Financial Inc. lifted its stake in CNH Industrial NV by 1.6% in 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 during the period. FMR LLC lifted its stake in CNH Industrial NV by 14.4% in 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 during the period. Ballentine Partners LLC acquired a new position in CNH Industrial NV in the second quarter valued at approximately $136,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in CNH Industrial NV in the second quarter valued at approximately $158,000.
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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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