CNH Industrial NV (CNHI) Upgraded by Zacks Investment Research to “Buy”
CNH Industrial NV (NASDAQ:CNHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $8.50 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 15.02% from the stock’s previous close.
According to Zacks, “CNH Industrial NV designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine application. CNH Industrial NV is based in Amsterdam, the Netherlands. “
CNHI has been the subject of a number of other research reports. Bank of America Corp. downgraded shares of CNH Industrial NV from a “buy” rating to an “underperform” rating and lowered their price target for the company from $9.00 to $6.00 in a report on Thursday, July 7th. Piper Jaffray Cos. downgraded shares of CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 price target for the company. in a report on Monday, July 25th. Citigroup Inc. lowered their price target on shares of CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating for the company in a report on Friday, July 15th. Deutsche Bank AG began coverage on shares of CNH Industrial NV in a report on Tuesday, September 6th. They issued a “sell” rating and a $6.38 price target for the company. Finally, Barclays PLC increased their price target on shares of CNH Industrial NV from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $6.73.
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CNH Industrial NV (NASDAQ:CNHI) traded down 1.99% on Thursday, hitting $7.39. The company’s stock had a trading volume of 839,105 shares. CNH Industrial NV has a 12 month low of $5.67 and a 12 month high of $7.91. The firm’s market cap is $10.06 billion. The firm has a 50 day moving average of $7.28 and a 200 day moving average of $7.12.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts forecast that CNH Industrial NV will post $0.34 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. First New York Securities LLC NY increased its stake in shares of CNH Industrial NV by 149,500.0% in the second quarter. First New York Securities LLC NY now owns 149,600 shares of the company’s stock valued at $1,070,000 after buying an additional 149,500 shares during the last quarter. Aviva PLC raised its position in shares of CNH Industrial NV by 30.8% in the second quarter. Aviva PLC now owns 893,286 shares of the company’s stock worth $6,426,000 after buying an additional 210,119 shares during the period. Bank of Montreal Can bought a new position in shares of CNH Industrial NV during the second quarter worth approximately $826,000. Swiss National Bank raised its position in shares of CNH Industrial NV by 10.7% in the second quarter. Swiss National Bank now owns 6,862,009 shares of the company’s stock worth $49,362,000 after buying an additional 664,043 shares during the period. Finally, World Asset Management Inc raised its position in shares of CNH Industrial NV by 8.6% in the second quarter. World Asset Management Inc now owns 82,083 shares of the company’s stock worth $587,000 after buying an additional 6,526 shares during the period.
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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