Barclays PLC Boosts CNH Industrial NV (CNHI) Price Target to $7.00
CNH Industrial NV (NASDAQ:CNHI) had its price objective upped by investment analysts at Barclays PLC from $6.00 to $7.00 in a report issued on Wednesday. The firm presently has an “underweight” rating on the stock. Barclays PLC’s price target points to a potential downside of 5.28% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Bank of America Corp. downgraded shares of CNH Industrial NV from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $9.00 to $6.00 in a research note on Thursday, July 7th. Deutsche Bank AG started coverage on shares of CNH Industrial NV in a research note on Tuesday, September 6th. They issued a “sell” rating and a $6.38 target price for the company. Piper Jaffray Cos. downgraded shares of CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of CNH Industrial NV from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Citigroup Inc. cut 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. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.65.
CNH Industrial NV (NASDAQ:CNHI) traded up 1.62% on Wednesday, reaching $7.51. The company’s stock had a trading volume of 151,501 shares. The firm’s market capitalization is $10.22 billion. CNH Industrial NV has a 52 week low of $5.67 and a 52 week high of $7.91. The stock’s 50 day moving average is $7.28 and its 200-day moving average is $7.11.
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CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.05. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts predict that CNH Industrial NV will post $0.34 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new position in CNH Industrial NV during the second quarter valued at $111,000. Wetherby Asset Management Inc. boosted its position in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 17,081 shares of the company’s stock valued at $122,000 after buying an additional 879 shares in the last quarter. CIBC World Markets Inc. bought a new position in CNH Industrial NV during the second quarter valued at $124,000. Quantitative Systematic Strategies LLC bought a new position in CNH Industrial NV during the second quarter valued at $164,000. Finally, KCG Holdings Inc. boosted its position in CNH Industrial NV by 71.6% in the second quarter. KCG Holdings Inc. now owns 35,308 shares of the company’s stock valued at $252,000 after buying an additional 14,732 shares in the last quarter.
About CNH Industrial NV
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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