Seaport Global Securities reissued their buy rating on shares of CNH Industrial (NYSE:CNHI) in a research report report published on Wednesday, January 3rd. Seaport Global Securities currently has a $16.00 target price on the stock. Seaport Global Securities also issued estimates for CNH Industrial’s Q1 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.77 EPS.
Several other equities research analysts also recently weighed in on CNHI. BidaskClub raised shares of CNH Industrial from a hold rating to a buy rating in a research report on Wednesday, September 20th. ValuEngine downgraded shares of CNH Industrial from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of CNH Industrial from a buy rating to a hold rating in a research report on Friday, November 10th. Evercore ISI raised shares of CNH Industrial from an in-line rating to an outperform rating in a research report on Monday, November 6th. Finally, Citigroup raised shares of CNH Industrial from a neutral rating to a buy rating and raised their price target for the company from $13.75 to $15.00 in a research report on Wednesday, November 29th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $14.43.
CNH Industrial (NYSE CNHI) opened at $14.93 on Wednesday. CNH Industrial has a 1-year low of $8.74 and a 1-year high of $15.02. The stock has a market cap of $19,855.14, a P/E ratio of 30.33 and a beta of 0.86. The company has a current ratio of 5.42, a quick ratio of 4.18 and a debt-to-equity ratio of 5.73.
CNH Industrial (NYSE:CNHI) last released its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The firm had revenue of $6.63 billion during 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%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the business earned $0.05 earnings per share. sell-side analysts predict that CNH Industrial will post 0.47 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of CNHI. Advisors Asset Management Inc. grew its position in CNH Industrial by 38.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,760 shares of the company’s stock worth $327,000 after purchasing an additional 7,922 shares during the period. Marshall Wace North America L.P. bought a new stake in CNH Industrial in the 2nd quarter worth approximately $1,587,000. Schroder Investment Management Group bought a new stake in CNH Industrial in the 2nd quarter worth approximately $6,879,000. Engineers Gate Manager LP bought a new stake in CNH Industrial in the 2nd quarter worth approximately $2,134,000. Finally, CIBC World Markets Inc. bought a new stake in CNH Industrial in the 2nd quarter worth approximately $2,022,000. 18.18% of the stock is owned by institutional investors and hedge funds.
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CNH Industrial 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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