CNH Industrial Given New $7.65 Price Target at Berenberg Bank (CNHI)
Research analysts at Berenberg Bank decreased their target price on shares of CNH Industrial (NASDAQ:CNHI) from $8.50 to $7.65 in a report released on Tuesday. Berenberg Bank’s price target would suggest a potential downside of 28.70% from the company’s current price.
A number of other firms have also recently commented on CNHI. Analysts at JPMorgan Chase & Co. raised their price target on shares of CNH Industrial from $11.00 to $11.50 in a research note on Friday, May 9th. Analysts at Zacks upgraded shares of CNH Industrial from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. They now have a $11.80 price target on the stock. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.74.
Shares of CNH Industrial (NASDAQ:CNHI) traded down 0.93% during mid-day trading on Tuesday, hitting $10.63. The stock had a trading volume of 394,811 shares. CNH Industrial has a 1-year low of $10.16 and a 1-year high of $13.16. The stock has a 50-day moving average of $11.24 and a 200-day moving average of $11.0. The company has a market cap of $14.012 billion and a price-to-earnings ratio of 13.09.
CNH Industrial (NASDAQ:CNHI) last announced its earnings results on Friday, May 9th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.03.
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