CNH Industrial NV (CNHI) Given New $7.00 Price Target at Barclays PLC
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded CNH Industrial NV from a hold rating to a buy rating and set a $8.00 target price on the stock in a research report on Wednesday, June 29th. Citigroup Inc. decreased their target price on CNH Industrial NV from $8.00 to $7.50 and set a neutral rating on the stock in a research report on Friday, July 15th. Deutsche Bank AG began coverage on CNH Industrial NV in a research report on Tuesday, September 6th. They issued a sell rating and a $6.38 target price on the stock. Bank of America Corp. cut CNH Industrial NV from a buy rating to an underperform rating and decreased their target price for the company from $9.00 to $6.00 in a research report on Thursday, July 7th. Finally, Piper Jaffray Cos. cut CNH Industrial NV from a neutral rating to an underweight rating and set a $5.00 target price on the stock. in a research report on Monday, July 25th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $6.65.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded down 3.05% on Wednesday, reaching $7.31. 208,379 shares of the company’s stock traded hands. CNH Industrial NV has a 52 week low of $5.67 and a 52 week high of $7.91. The company’s 50-day moving average is $7.28 and its 200-day moving average is $7.12. The firm’s market capitalization is $9.95 billion.
CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.05. The company earned $6.75 billion during the quarter, compared to analyst estimates of $6.65 billion. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Equities research analysts anticipate that CNH Industrial NV will post $0.34 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CAPROCK Group Inc. increased its position in shares of CNH Industrial NV by 28.5% in the second quarter. CAPROCK Group Inc. now owns 40,035 shares of the company’s stock worth $286,000 after buying an additional 8,877 shares during the period. Royal Bank of Canada increased its position in shares of CNH Industrial NV by 13.7% in the second quarter. Royal Bank of Canada now owns 42,731 shares of the company’s stock worth $306,000 after buying an additional 5,157 shares during the period. GLG LLC acquired a new position in shares of CNH Industrial NV during the second quarter worth about $1,072,000. Cubist Systematic Strategies LLC acquired a new position in shares of CNH Industrial NV during the second quarter worth about $111,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of CNH Industrial NV during the second quarter worth about $522,000.
CNH Industrial NV 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.
Receive News & Stock Ratings for CNH Industrial NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial NV and related stocks with our FREE daily email newsletter.