CNH Industrial (NYSE:CNHI) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.67-0.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72.
Shares of CNH Industrial stock opened at $10.61 on Wednesday. The stock has a market capitalization of $14.73 billion, a P/E ratio of 22.10 and a beta of 1.22. CNH Industrial has a twelve month low of $9.67 and a twelve month high of $15.65. The company has a debt-to-equity ratio of 5.32, a quick ratio of 3.92 and a current ratio of 5.06.
CNHI has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on shares of CNH Industrial from $14.00 to $13.00 and set a hold rating on the stock in a research note on Monday, July 30th. Zacks Investment Research raised shares of CNH Industrial from a sell rating to a hold rating and set a $13.00 price target on the stock in a research note on Monday, July 30th. Seaport Global Securities reaffirmed a buy rating and issued a $15.00 price target on shares of CNH Industrial in a research note on Monday, July 23rd. ValuEngine raised shares of CNH Industrial from a strong sell rating to a sell rating in a research note on Wednesday, July 25th. Finally, TheStreet raised shares of CNH Industrial from a d+ rating to a c rating in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. CNH Industrial presently has an average rating of Hold and an average price target of $28.70.
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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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