CNH Industrial (NYSE:CNHI) had its target price lifted by equities research analysts at Bank of America from $15.00 to $17.00 in a report released on Monday. Bank of America’s target price points to a potential upside of 13.86% from the stock’s previous close.
Other research analysts have also issued research reports about the company. BidaskClub upgraded CNH Industrial from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Deutsche Bank restated a “buy” rating and issued a $13.20 target price (up previously from $12.80) on shares of CNH Industrial in a report on Monday, October 9th. Zacks Investment Research upgraded CNH Industrial from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, October 10th. Evercore ISI upgraded CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $13.40 target price (up previously from $12.00) on shares of CNH Industrial in a report on Monday, November 13th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.71.
Shares of CNH Industrial (NYSE:CNHI) opened at $14.93 on Monday. CNH Industrial has a 52-week low of $8.74 and a 52-week high of $15.02. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42. The company has a market capitalization of $20,359.70, a PE ratio of 46.66 and a beta of 0.86.
CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the 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 return on equity of 14.63% and a net margin of 1.66%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. research analysts forecast that CNH Industrial will post 0.47 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its position in CNH Industrial by 4.3% in the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after buying an additional 415 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of CNH Industrial in the third quarter worth $126,000. FMR LLC boosted its holdings in shares of CNH Industrial by 14.4% in the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after acquiring an additional 1,500 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of CNH Industrial in the second quarter worth $158,000. Finally, Victory Capital Management Inc. bought a new position in shares of CNH Industrial in the third quarter worth $202,000. 18.18% of the stock is owned by institutional investors and hedge funds.
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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.
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