Shares of CNH Industrial NV (NYSE:CNHI) have been given an average rating of “Buy” by the sixteen research firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.95.
Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on CNH Industrial from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. ValuEngine raised CNH Industrial from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Barclays assumed coverage on CNH Industrial in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $15.00 price target for the company. Berenberg Bank assumed coverage on CNH Industrial in a research note on Wednesday, January 17th. They issued a “hold” rating and a $13.50 price target for the company. Finally, UBS assumed coverage on CNH Industrial in a research note on Monday, January 8th. They issued a “buy” rating and a $17.00 price target for the company.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in CNH Industrial by 34.0% during the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock worth $203,000 after purchasing an additional 3,845 shares during the period. Victory Capital Management Inc. grew its stake in CNH Industrial by 24.9% during the fourth quarter. Victory Capital Management Inc. now owns 20,998 shares of the company’s stock worth $281,000 after purchasing an additional 4,186 shares during the period. Stifel Financial Corp grew its stake in CNH Industrial by 5.7% during the third quarter. Stifel Financial Corp now owns 86,660 shares of the company’s stock worth $1,042,000 after purchasing an additional 4,694 shares during the period. LPL Financial LLC grew its stake in CNH Industrial by 34.2% during the fourth quarter. LPL Financial LLC now owns 23,217 shares of the company’s stock worth $311,000 after purchasing an additional 5,917 shares during the period. Finally, AMP Capital Investors Ltd grew its stake in CNH Industrial by 1.9% during the fourth quarter. AMP Capital Investors Ltd now owns 432,181 shares of the company’s stock worth $5,797,000 after purchasing an additional 7,872 shares during the period. 21.26% of the stock is owned by institutional investors and hedge funds.
Shares of CNHI stock opened at $11.64 on Thursday. The stock has a market capitalization of $15,864.27, a PE ratio of 24.25 and a beta of 1.02. The company has a quick ratio of 4.38, a current ratio of 5.42 and a debt-to-equity ratio of 5.89. CNH Industrial has a 1-year low of $9.70 and a 1-year high of $15.65.
CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $7.38 billion. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. research analysts predict that CNH Industrial will post 0.68 earnings per share for the current year.
CNH Industrial announced that its board has approved a stock repurchase program on Tuesday, January 30th that allows the company to buyback $700.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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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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