CNH Industrial NV (CNHI) Raised to Buy at BidaskClub
CNH Industrial NV (NASDAQ:CNHI) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
A number of other equities analysts also recently weighed in on CNHI. TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, July 5th. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $14.00 in a research note on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.50 target price on shares of CNH Industrial NV in a research note on Friday, July 14th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $12.81 target price (up from $10.87) on shares of CNH Industrial NV in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. CNH Industrial NV presently has an average rating of “Hold” and an average target price of $11.26.
CNH Industrial NV (NASDAQ:CNHI) remained flat at $11.98 on Wednesday. The stock had a trading volume of 350,028 shares. The company has a market capitalization of $16.34 billion and a PE ratio of 38.65. The stock’s 50-day moving average is $11.41 and its 200-day moving average is $10.93. CNH Industrial NV has a 12 month low of $6.93 and a 12 month high of $12.13.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The firm had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.
CNH Industrial NV declared that its Board of Directors has authorized a share buyback program on Monday, June 5th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in CNHI. Quadrant Capital Group LLC grew its position in shares of CNH Industrial NV by 4.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after buying an additional 415 shares during the period. Ameriprise Financial Inc. grew its position in shares of CNH Industrial NV by 1.6% during the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after buying an additional 199 shares during the period. FMR LLC grew its position in shares of CNH Industrial NV by 14.4% during the 2nd quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after buying an additional 1,500 shares during the period. Ballentine Partners LLC acquired a new stake in shares of CNH Industrial NV during the 2nd quarter worth approximately $136,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of CNH Industrial NV during the 2nd quarter worth approximately $158,000.
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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