Shares of CNH Industrial N.V. (NYSE:CNHI) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.43.
Several equities analysts have recently weighed in on CNHI shares. Zacks Investment Research lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Stifel Nicolaus reiterated a “hold” rating and set a $13.40 price objective (up previously from $12.00) on shares of CNH Industrial in a report on Monday, November 13th. Evercore ISI upgraded shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Finally, Deutsche Bank restated a “buy” rating and issued a $13.20 target price (up previously from $12.80) on shares of CNH Industrial in a report on Monday, October 9th.
Several institutional investors and hedge funds have recently bought and sold shares of CNHI. Quadrant Capital Group LLC grew its position in CNH Industrial by 4.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after purchasing an additional 415 shares in the last quarter. Stifel Financial Corp grew its position in CNH Industrial by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock worth $933,000 after purchasing an additional 741 shares in the last quarter. Wetherby Asset Management Inc. grew its position in CNH Industrial by 5.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock worth $260,000 after purchasing an additional 1,176 shares in the last quarter. US Bancorp DE grew its position in CNH Industrial by 9.6% in the 2nd quarter. US Bancorp DE now owns 15,949 shares of the company’s stock worth $182,000 after purchasing an additional 1,395 shares in the last quarter. Finally, FMR LLC grew its position in CNH Industrial by 14.4% in the 2nd quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 18.18% of the company’s stock.
CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. CNH Industrial had a net margin of 1.66% and a return on equity of 14.63%. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. sell-side analysts forecast that CNH Industrial will post 0.47 earnings per share for the current fiscal year.
About CNH Industrial
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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