CNH Industrial NV (NYSE:CNHI) has received an average recommendation of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. 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 company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $14.88.
Several analysts have recently commented on CNHI shares. Bank of America lifted their price target on shares of CNH Industrial from $15.00 to $17.00 in a research report on Monday, January 15th. UBS Group started coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set a “buy” rating and a $17.00 price target on the stock. Deutsche Bank raised shares of CNH Industrial from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.81 to $16.00 in a research report on Thursday, January 4th. Seaport Global Securities reaffirmed a “buy” rating and set a $16.00 price target on shares of CNH Industrial in a research report on Wednesday, January 3rd. Finally, Citigroup raised CNH Industrial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.75 to $15.00 in a research report on Wednesday, November 29th.
CNH Industrial (NYSE CNHI) traded up $0.08 during mid-day trading on Wednesday, hitting $13.89. 1,111,995 shares of the stock traded hands, compared to its average volume of 2,289,843. The stock has a market cap of $18,620.00, a price-to-earnings ratio of 63.14 and a beta of 0.64. The company has a current ratio of 5.42, a quick ratio of 4.18 and a debt-to-equity ratio of 5.89. CNH Industrial has a 1 year low of $9.15 and a 1 year high of $15.65.
CNH Industrial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, January 30th that permits the company to repurchase $700.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in CNHI. Franklin Resources Inc. raised its position in CNH Industrial by 93.2% in the fourth quarter. Franklin Resources Inc. now owns 35,031,154 shares of the company’s stock valued at $469,479,000 after purchasing an additional 16,900,395 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in CNH Industrial in the fourth quarter valued at approximately $135,437,000. Anchor Bolt Capital LP purchased a new stake in CNH Industrial in the fourth quarter valued at approximately $24,610,000. Arrowstreet Capital Limited Partnership raised its position in CNH Industrial by 37.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,430,596 shares of the company’s stock valued at $86,153,000 after purchasing an additional 1,751,440 shares during the period. Finally, Systematic Financial Management LP purchased a new stake in CNH Industrial in the fourth quarter valued at approximately $21,932,000. 17.41% of the stock is currently owned by institutional investors.
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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