CNH Industrial (CNHI) Rating Reiterated by Seaport Global Securities
CNH Industrial (NYSE:CNHI)‘s stock had its “buy” rating reiterated by stock analysts at Seaport Global Securities in a research report issued on Wednesday. They presently have a $16.00 price objective on the stock. Seaport Global Securities’ price target indicates a potential upside of 18.08% from the company’s current price. Seaport Global Securities also issued estimates for CNH Industrial’s FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.77 EPS.
Several other equities analysts have also issued reports on CNHI. Evercore ISI raised shares of CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Barclays started coverage on shares of CNH Industrial in a report on Tuesday, December 12th. They set an “overweight” rating and a $15.00 price objective on the stock. ValuEngine lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating and set a $13.40 price objective (up from $12.00) on shares of CNH Industrial in a report on Monday, November 13th. Finally, Zacks Investment Research lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $13.66.
CNH Industrial (NYSE:CNHI) traded up $0.15 during trading on Wednesday, hitting $13.55. 1,714,900 shares of the stock traded hands, compared to its average volume of 1,213,850. The company has a quick ratio of 4.18, a current ratio of 5.42 and a debt-to-equity ratio of 5.73. CNH Industrial has a 1 year low of $8.57 and a 1 year high of $13.64. The company has a market capitalization of $18,273.27, a P/E ratio of 42.35 and a beta of 0.86.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC grew its holdings in CNH Industrial by 0.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 31,850,459 shares of the company’s stock worth $382,524,000 after purchasing an additional 101,920 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CNH Industrial by 9.8% during the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock worth $275,133,000 after buying an additional 2,164,105 shares during the period. AXA lifted its stake in shares of CNH Industrial by 0.5% during the third quarter. AXA now owns 15,801,602 shares of the company’s stock worth $189,777,000 after buying an additional 83,060 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of CNH Industrial by 7.4% during the third quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock worth $121,282,000 after buying an additional 698,600 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of CNH Industrial by 51.7% during the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock worth $68,128,000 after buying an additional 2,040,505 shares during the period. 18.18% of the stock is currently owned by institutional investors and hedge funds.
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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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