CNH Industrial NV (CNHI) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of CNH Industrial NV (NASDAQ:CNHI) have received a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.31.
Several research analysts recently issued reports on CNHI shares. BidaskClub raised CNH Industrial NV from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Seaport Global Securities raised CNH Industrial NV from a “neutral” rating to a “buy” rating and lifted their target price for the company from $11.00 to $14.00 in a research report on Thursday, July 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.00 target price on shares of CNH Industrial NV in a research report on Tuesday, July 4th. Zacks Investment Research raised CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, July 5th. Finally, Bank of America Corporation raised CNH Industrial NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th.
A number of hedge funds have recently bought and sold shares of CNHI. Quadrant Capital Group LLC boosted its position in 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 purchasing an additional 415 shares during the last quarter. Ameriprise Financial Inc. boosted its position in CNH Industrial NV by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after purchasing an additional 199 shares during the last quarter. FMR LLC boosted its position in CNH Industrial NV by 14.4% in the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after purchasing an additional 1,500 shares during the last quarter. Ballentine Partners LLC purchased a new position in CNH Industrial NV in the second quarter worth $136,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in CNH Industrial NV in the second quarter worth $158,000.
Shares of CNH Industrial NV (CNHI) traded down 0.75% during midday trading on Thursday, hitting $11.90. The stock had a trading volume of 1,420,636 shares. The company’s 50 day moving average is $11.65 and its 200 day moving average is $11.20. CNH Industrial NV has a 52 week low of $7.09 and a 52 week high of $12.27. The firm has a market cap of $16.23 billion and a P/E ratio of 38.39.
CNH Industrial NV (NASDAQ:CNHI) last announced its earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CNH Industrial NV had a return on equity of 21.59% and a net margin of 3.17%. CNH Industrial NV’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, equities analysts predict that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.
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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