ValuEngine Lowers CNH Industrial (CNHI) to Hold

CNH Industrial (NYSE:CNHI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on CNHI. Zacks Investment Research cut shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub cut shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Deutsche Bank reaffirmed a “buy” rating and issued a $13.20 price objective (up from $12.80) on shares of CNH Industrial in a research note on Monday, October 9th. Evercore ISI raised shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a research note on Monday, November 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $13.40 price objective (up from $12.00) on shares of CNH Industrial in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.51.

Shares of CNH Industrial (NYSE:CNHI) traded down $0.14 during mid-day trading on Friday, reaching $12.86. 3,192,239 shares of the company’s stock were exchanged, compared to its average volume of 1,995,416. CNH Industrial has a 1 year low of $8.40 and a 1 year high of $13.37. The company has a market capitalization of $17,536.89, a PE ratio of 26.79 and a beta of 0.86. The company has a current ratio of 5.42, a quick ratio of 4.18 and a debt-to-equity ratio of 5.73.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.03 billion. During the same period last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. analysts forecast that CNH Industrial will post 0.47 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of CNHI. KCG Holdings Inc. acquired a new stake in CNH Industrial in the first quarter worth $162,000. US Bancorp DE raised its holdings in shares of CNH Industrial by 9.6% during the second quarter. US Bancorp DE now owns 15,949 shares of the company’s stock worth $182,000 after acquiring an additional 1,395 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of CNH Industrial during the second quarter worth $167,000. Trexquant Investment LP raised its holdings in shares of CNH Industrial by 44.6% during the second quarter. Trexquant Investment LP now owns 41,700 shares of the company’s stock worth $475,000 after acquiring an additional 12,866 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of CNH Industrial during the second quarter worth $1,116,000. Institutional investors own 18.18% of the company’s stock.

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CNH Industrial 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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Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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