CNH Industrial Price Target Cut to $9.00 (CNHI)
Equities research analysts at JPMorgan Chase & Co. dropped their target price on shares of CNH Industrial (NASDAQ:CNHI) from $10.50 to $9.00 in a research note issued to investors on Friday. JPMorgan Chase & Co.’s price target would indicate a potential upside of 2.97% from the company’s current price.
Shares of CNH Industrial (NASDAQ:CNHI) traded down 0.91% on Friday, hitting $8.74. The stock had a trading volume of 1,528,035 shares. CNH Industrial has a one year low of $8.31 and a one year high of $13.16. The stock’s 50-day moving average is $8.97 and its 200-day moving average is $10.40. The company has a market cap of $11.828 billion and a P/E ratio of 10.73.
CNH Industrial (NASDAQ:CNHI) last released its earnings data on Thursday, July 31st. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.10. Analysts expect that CNH Industrial will post $0.81 EPS for the current fiscal year.
A number of other firms have also recently commented on CNHI. Analysts at Bank of America initiated coverage on shares of CNH Industrial in a research note on Thursday, July 3rd. They set an “underperform” rating on the stock. Analysts at Global Hunter Securities initiated coverage on shares of CNH Industrial in a research note on Thursday, June 19th. They set a “reduce” rating and a $9.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. CNH Industrial currently has an average rating of “Sell” and a consensus price target of $9.41.
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