ValuEngine lowered shares of CNH Industrial (NYSE:CNHI) from a hold rating to a sell rating in a research note issued to investors on Monday.
Several other research firms also recently commented on CNHI. Bank of America decreased their price objective on shares of CNH Industrial from $16.50 to $15.00 and set a buy rating on the stock in a report on Tuesday, April 17th. Morgan Stanley started coverage on shares of CNH Industrial in a report on Friday, March 2nd. They issued an equal weight rating and a $15.00 price objective on the stock. William Blair reiterated a hold rating on shares of CNH Industrial in a report on Wednesday, April 4th. Stifel Nicolaus reiterated a hold rating and issued a $14.00 price objective (up from $13.40) on shares of CNH Industrial in a report on Tuesday, February 20th. Finally, Zacks Investment Research upgraded shares of CNH Industrial from a sell rating to a hold rating in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $14.95.
CNH Industrial opened at $10.61 on Monday, MarketBeat Ratings reports. CNH Industrial has a one year low of $10.53 and a one year high of $15.65. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 18.53 and a beta of 1.00. The company has a debt-to-equity ratio of 6.02, a quick ratio of 3.88 and a current ratio of 5.05.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Friday, April 27th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.06. CNH Industrial had a net margin of 1.56% and a return on equity of 18.25%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. analysts predict that CNH Industrial will post 0.7 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new position in shares of CNH Industrial in the fourth quarter valued at about $122,000. CoreCommodity Management LLC acquired a new position in shares of CNH Industrial in the fourth quarter valued at about $139,000. Virtu Financial LLC acquired a new position in shares of CNH Industrial in the fourth quarter valued at about $195,000. Wells Fargo & Company MN grew its stake in shares of CNH Industrial by 34.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock valued at $203,000 after acquiring an additional 3,845 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of CNH Industrial in the fourth quarter valued at about $229,000. Institutional investors and hedge funds own 19.26% of the company’s stock.
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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