CNH Industrial NV (NYSE:CNHI) Given Consensus Recommendation of “Sell” by Analysts
Shares of CNH Industrial NV (NYSE:CNHI) have earned a consensus recommendation of “Sell” from the twelve ratings firms that are covering the company. Seven equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.13.
Several equities research analysts have weighed in on CNHI shares. Deutsche Bank AG started coverage on shares of CNH Industrial NV in a research note on Wednesday, September 7th. They issued a “sell” rating and a $6.38 target price for the company. Bank of America Corp. downgraded shares of CNH Industrial NV from a “buy” rating to an “underperform” rating in a research note on Thursday, July 7th. Piper Jaffray Cos. downgraded shares of CNH Industrial NV from a “neutral” rating to an “underweight” rating in a research note on Monday, July 25th. Finally, Citigroup Inc. lowered their target price on shares of CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Friday, July 15th.
CNH Industrial NV (NYSE:CNHI) traded down 0.27% during midday trading on Friday, hitting $7.32. The stock had a trading volume of 607,731 shares. CNH Industrial NV has a 52-week low of $5.67 and a 52-week high of $7.91. The firm has a 50-day moving average of $7.30 and a 200 day moving average of $7.10. The firm’s market capitalization is $9.97 billion.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in CNH Industrial NV by 77.4% in the first quarter. Royal Bank of Canada now owns 37,574 shares of the company’s stock worth $254,000 after buying an additional 16,393 shares in the last quarter. Barclays PLC increased its position in CNH Industrial NV by 288.2% in the first quarter. Barclays PLC now owns 1,465,549 shares of the company’s stock worth $8,794,000 after buying an additional 1,088,068 shares in the last quarter. Moore Capital Management LP increased its position in CNH Industrial NV by 19.6% in the first quarter. Moore Capital Management LP now owns 141,927 shares of the company’s stock worth $959,000 after buying an additional 23,258 shares in the last quarter. Orbis Allan Gray Ltd acquired a new position in CNH Industrial NV during the first quarter worth about $70,670,000. Finally, Goldman Sachs Group Inc. increased its position in CNH Industrial NV by 141.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,444,355 shares of the company’s stock worth $36,804,000 after buying an additional 3,190,340 shares in the last quarter. Institutional investors own 22.43% of the company’s stock.
CNH Industrial NV Company Profile
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.
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