CNH Industrial NV (NASDAQ:CNHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $8.50 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 13.64% from the stock’s previous close.

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. “

CNHI has been the topic of several other research reports. Bank of America Corp. lowered CNH Industrial NV from a “buy” rating to an “underperform” rating and cut their target price for the stock from $9.00 to $6.00 in a research report on Thursday, July 7th. Piper Jaffray Cos. lowered 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. Citigroup Inc. cut 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 set a “sell” rating and a $6.38 target price on the stock. Finally, Barclays PLC raised their target price on CNH Industrial NV from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 12th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. CNH Industrial NV currently has an average rating of “Hold” and a consensus target price of $6.73.

Analyst Recommendations for CNH Industrial NV (NASDAQ:CNHI)

Shares of CNH Industrial NV (NASDAQ:CNHI) opened at 7.48 on Thursday. The stock’s market cap is $10.18 billion. CNH Industrial NV has a 52-week low of $5.67 and a 52-week high of $7.91. The firm has a 50-day moving average price of $7.28 and a 200 day moving average price of $7.12.

CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company earned $6.75 billion during the quarter, compared to analyst estimates of $6.65 billion. CNH Industrial NV’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. Analysts expect that CNH Industrial NV will post $0.34 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. raised its position in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 17,081 shares of the company’s stock valued at $122,000 after buying an additional 879 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 valued at $306,000 after buying an additional 5,157 shares during the period. Parametrica Management Ltd increased its position in shares of CNH Industrial NV by 63.2% in the third quarter. Parametrica Management Ltd now owns 16,656 shares of the company’s stock valued at $120,000 after buying an additional 6,447 shares during the period. World Asset Management Inc increased its position in shares of CNH Industrial NV by 8.6% in the second quarter. World Asset Management Inc now owns 82,083 shares of the company’s stock valued at $587,000 after buying an additional 6,526 shares during the period. Finally, 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 valued at $286,000 after buying an additional 8,877 shares during the period.

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.

5 Day Chart for NASDAQ:CNHI

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