CNH Industrial (CNHI) Downgraded by Zacks Investment Research

CNH Industrial (NYSE:CNHI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “CNH Industrial NV designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine application. CNH Industrial NV is based in Amsterdam, the Netherlands. “

Several other brokerages have also commented on CNHI. Bank of America lifted their price target on shares of CNH Industrial from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Berenberg Bank assumed coverage on shares of CNH Industrial in a research note on Wednesday, January 17th. They set a “hold” rating and a $13.50 price target on the stock. UBS Group assumed coverage on shares of CNH Industrial in a research note on Monday, January 8th. They set a “buy” rating and a $17.00 price target on the stock. Deutsche Bank upgraded shares of CNH Industrial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $12.81 to $16.00 in a research note on Thursday, January 4th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $16.00 price target on shares of CNH Industrial in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. CNH Industrial presently has an average rating of “Hold” and a consensus price target of $14.69.

Shares of CNH Industrial (NYSE CNHI) traded up $0.15 during trading hours on Monday, reaching $13.70. 2,029,622 shares of the company traded hands, compared to its average volume of 2,354,639. CNH Industrial has a 12-month low of $9.15 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 5.89, a current ratio of 5.42 and a quick ratio of 4.18. The firm has a market cap of $18,310.00, a price-to-earnings ratio of 62.27 and a beta of 0.64.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same period last year, the business earned $0.14 EPS. CNH Industrial’s revenue for the quarter was up 15.8% compared to the same quarter last year. research analysts anticipate that CNH Industrial will post 0.68 EPS for the current fiscal year.

CNH Industrial declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 30th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional investors have recently modified their holdings of the business. Parametrica Management Ltd purchased a new position in CNH Industrial during the 3rd quarter worth $126,000. FMR LLC grew its position in CNH Industrial by 14.4% during 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CNH Industrial during the 2nd quarter worth $158,000. Virtu Financial LLC purchased a new position in CNH Industrial during the 4th quarter worth $195,000. Finally, Wells Fargo & Company MN grew its position in CNH Industrial by 34.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock worth $203,000 after purchasing an additional 3,845 shares during the last quarter. 17.41% of the stock is currently owned by institutional investors.

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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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