CNH Industrial (NYSE:CNHI) had its price objective lowered by research analysts at Bank of America from $16.50 to $15.00 in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Bank of America’s target price would indicate a potential upside of 19.05% from the stock’s previous close.
Several other research firms have also commented on CNHI. Berenberg Bank began coverage on CNH Industrial in a research report on Wednesday, January 17th. They set a “hold” rating and a $13.50 price target for the company. Stifel Nicolaus restated a “hold” rating and set a $14.00 price target (up from $13.40) on shares of CNH Industrial in a research report on Tuesday, February 20th. UBS began coverage on CNH Industrial in a research report on Monday, January 8th. They set a “buy” rating and a $17.00 price target for the company. TheStreet lowered CNH Industrial from a “c” rating to a “d+” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research lowered CNH Industrial from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.50.
CNH Industrial stock traded up $0.31 during mid-day trading on Tuesday, hitting $12.60. The company’s stock had a trading volume of 966,633 shares, compared to its average volume of 2,070,134. The firm has a market capitalization of $16,777.42, a price-to-earnings ratio of 26.27 and a beta of 1.02. CNH Industrial has a 1 year low of $9.72 and a 1 year high of $15.65. The company has a debt-to-equity ratio of 5.89, a quick ratio of 4.38 and a current ratio of 5.42.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The business had revenue of $8.10 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. analysts forecast that CNH Industrial will post 0.68 EPS for the current year.
CNH Industrial announced that its board has authorized a share buyback plan on Tuesday, January 30th that allows the company to repurchase $700.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in shares of CNH Industrial during the fourth quarter worth about $122,000. Jane Street Group LLC purchased a new position in shares of CNH Industrial during the fourth quarter worth about $4,066,000. LPL Financial LLC grew its holdings in shares of 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 buying an additional 5,917 shares during the last quarter. Millennium Management LLC grew its holdings in shares of CNH Industrial by 100.8% during the fourth quarter. Millennium Management LLC now owns 1,213,840 shares of the company’s stock worth $16,265,000 after buying an additional 609,217 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of CNH Industrial by 53.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 9,196,954 shares of the company’s stock worth $123,239,000 after buying an additional 3,210,306 shares during the last quarter. Institutional investors own 21.26% of the company’s stock.
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About CNH Industrial
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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