CNH Industrial (NYSE:CNHI) had its price target increased by stock analysts at Bank of America from $15.00 to $17.00 in a report released on Monday. Bank of America’s price objective points to a potential upside of 13.86% from the company’s previous close.
Several other research firms have also recently issued reports on CNHI. UBS Group assumed coverage on CNH Industrial in a report on Monday, January 8th. They issued a “buy” rating and a $17.00 price target on the stock. Deutsche Bank upgraded CNH Industrial from a “hold” rating to a “buy” rating and raised their price target for the company from $12.81 to $16.00 in a report on Thursday, January 4th. Seaport Global Securities reiterated a “buy” rating and issued a $16.00 price target on shares of CNH Industrial in a report on Wednesday, January 3rd. Evercore ISI upgraded CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Finally, Barclays assumed coverage on CNH Industrial in a report on Tuesday, December 12th. They issued an “overweight” rating and a $15.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $14.71.
Shares of CNH Industrial (NYSE CNHI) opened at $14.93 on Monday. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42. The company has a market capitalization of $20,359.70, a price-to-earnings ratio of 46.66 and a beta of 0.86. CNH Industrial has a 1-year low of $8.74 and a 1-year high of $15.02.
CNH Industrial (NYSE:CNHI) last announced its earnings results on Tuesday, October 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $5.03 billion. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. research analysts expect that CNH Industrial will post 0.47 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in CNH Industrial by 4.3% during the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after buying an additional 415 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of CNH Industrial during the third quarter worth about $126,000. FMR LLC raised its position in shares of CNH Industrial by 14.4% during 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 period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CNH Industrial during the second quarter worth about $158,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of CNH Industrial during the third quarter worth about $202,000. Hedge funds and other institutional investors own 18.18% of the company’s stock.
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.