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 report issued on Tuesday. The brokerage presently has a $13.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.79% from the stock’s current price.
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. “
Other research analysts also recently issued research reports about the stock. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $14.00 in a report on Thursday, July 13th. TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a report on Wednesday, July 26th. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.50 price target on shares of CNH Industrial NV in a report on Friday, July 14th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $13.20 price target (up previously from $12.80) on shares of CNH Industrial NV in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. CNH Industrial NV has a consensus rating of “Buy” and an average price target of $11.31.
Shares of CNH Industrial NV (NASDAQ CNHI) traded up 0.34% on Tuesday, reaching $11.95. The company had a trading volume of 968,733 shares. CNH Industrial NV has a 52-week low of $7.09 and a 52-week high of $12.27. The firm has a market capitalization of $16.30 billion and a price-to-earnings ratio of 38.55. The company’s 50-day moving average price is $11.61 and its 200-day moving average price is $11.18.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 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 business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that CNH Industrial NV will post $0.45 earnings per share for the current year.
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Several large investors have recently made changes to their positions in CNHI. First Trust Advisors LP lifted its holdings in shares of CNH Industrial NV by 8.4% in the 1st quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after acquiring an additional 1,329 shares during the last quarter. Comerica Bank lifted its holdings in shares of CNH Industrial NV by 1.3% in the 1st quarter. Comerica Bank now owns 76,225 shares of the company’s stock valued at $820,000 after acquiring an additional 986 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of CNH Industrial NV by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after acquiring an additional 199 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in CNH Industrial NV by 95.4% in the first quarter. Parametric Portfolio Associates LLC now owns 123,439 shares of the company’s stock worth $1,190,000 after purchasing an additional 60,271 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in CNH Industrial NV by 18.1% in the first quarter. Wellington Management Group LLP now owns 22,819 shares of the company’s stock worth $220,000 after purchasing an additional 3,501 shares during 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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