CNH Industrial NV (CNHI) Receives Average Rating of “Hold” from Brokerages
CNH Industrial NV (NASDAQ:CNHI) has earned an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.97.
A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and set a $11.50 target price on shares of CNH Industrial NV in a research report on Friday, July 14th. Finally, Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th.
CNH Industrial NV (NASDAQ:CNHI) traded up 0.78% during trading on Friday, hitting $11.66. The stock had a trading volume of 1,162,779 shares. CNH Industrial NV has a 12 month low of $6.93 and a 12 month high of $12.13. The stock has a market cap of $15.91 billion and a price-to-earnings ratio of 37.61. The firm has a 50 day moving average of $11.39 and a 200-day moving average of $10.88.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.07 billion. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Equities analysts predict that CNH Industrial NV will post $0.45 earnings per share for the current year.
CNH Industrial NV declared that its Board of Directors has authorized a share repurchase program on Monday, June 5th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to buy up to 2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Several institutional investors have recently modified their holdings of the business. Cookson Peirce & Co. Inc. acquired a new position in shares of CNH Industrial NV in the second quarter worth about $434,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of CNH Industrial NV in the second quarter worth about $158,000. Nomura Holdings Inc. acquired a new position in shares of CNH Industrial NV in the second quarter worth about $559,000. Quadrant Capital Group LLC raised its position in shares of CNH Industrial NV by 4.3% in the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after acquiring an additional 415 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of CNH Industrial NV in the second quarter worth about $7,010,000.
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.
Receive News & Ratings for CNH Industrial NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial NV and related companies with MarketBeat.com's FREE daily email newsletter.