CNH Industrial NV (CNHI) Receives Average Recommendation of “Hold” from Analysts
CNH Industrial NV (NASDAQ:CNHI) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm. Four investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.37.
Several research firms recently issued reports on CNHI. Deutsche Bank AG cut their price objective on shares of CNH Industrial NV from $6.38 to $6.37 and set a “sell” rating for the company in a research report on Wednesday. Barclays PLC increased their target price on shares of CNH Industrial NV from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Wednesday. Zacks Investment Research raised shares of CNH Industrial NV from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Piper Jaffray Cos. lowered 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. 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.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new position in CNH Industrial NV during the second quarter valued at approximately $172,667,000. Mackenzie Financial Corp acquired a new position in CNH Industrial NV during the second quarter valued at approximately $21,032,000. FMR LLC acquired a new position in CNH Industrial NV during the second quarter valued at approximately $12,059,000. Citigroup Inc. raised its position in CNH Industrial NV by 216.3% in the second quarter. Citigroup Inc. now owns 1,739,840 shares of the company’s stock valued at $12,440,000 after buying an additional 1,189,764 shares during the last quarter. Finally, Counsel Portfolio Services Inc. acquired a new position in CNH Industrial NV during the second quarter valued at approximately $5,269,000.
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CNH Industrial NV (NASDAQ:CNHI) traded up 2.30% on Wednesday, hitting $7.56. 932,891 shares of the company traded hands. CNH Industrial NV has a 12 month low of $5.67 and a 12 month high of $7.91. The firm’s market capitalization is $10.29 billion. The stock’s 50-day moving average is $7.28 and its 200 day moving average is $7.11.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. CNH Industrial NV’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts forecast that CNH Industrial NV will post $0.34 EPS for the current fiscal year.
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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