Stock analysts at Stephens assumed coverage on shares of CNH Industrial (NYSE:CNHI) in a report released on Wednesday, The Fly reports. The firm set an “equal weight” rating on the stock.
A number of other equities research analysts have also issued reports on CNHI. ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Deutsche Bank upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a report on Tuesday, June 18th. TheStreet upgraded shares of CNH Industrial from a “c” rating to a “b” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research lowered shares of CNH Industrial from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.50.
Shares of NYSE:CNHI traded down $0.37 during mid-day trading on Wednesday, reaching $8.66. 1,337,472 shares of the company were exchanged, compared to its average volume of 1,636,757. The company has a debt-to-equity ratio of 4.44, a quick ratio of 4.01 and a current ratio of 5.34. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 10.83 and a beta of 1.35. The company has a 50-day moving average price of $10.11. CNH Industrial has a 1 year low of $8.41 and a 1 year high of $12.68.
CNH Industrial (NYSE:CNHI) last released its earnings results on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.80 billion. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. On average, research analysts predict that CNH Industrial will post 0.85 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of CNHI. Bank of America Corp DE boosted its holdings in CNH Industrial by 80.0% during the second quarter. Bank of America Corp DE now owns 2,586,301 shares of the company’s stock worth $26,588,000 after buying an additional 1,149,391 shares in the last quarter. Marshall Wace North America L.P. raised its position in CNH Industrial by 82.2% during the second quarter. Marshall Wace North America L.P. now owns 403,525 shares of the company’s stock worth $4,148,000 after acquiring an additional 182,099 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in CNH Industrial by 98.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 5,962 shares of the company’s stock worth $61,000 after acquiring an additional 2,962 shares during the last quarter. Vanguard Group Inc. raised its position in CNH Industrial by 1.9% during the second quarter. Vanguard Group Inc. now owns 29,806,425 shares of the company’s stock worth $306,410,000 after acquiring an additional 552,786 shares during the last quarter. Finally, CoreCommodity Management LLC raised its position in CNH Industrial by 28.8% during the second quarter. CoreCommodity Management LLC now owns 184,389 shares of the company’s stock worth $1,896,000 after acquiring an additional 41,218 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors.
About CNH Industrial
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
Read More: Equity Income
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