CNH Industrial NV (CNHI) Receives Average Recommendation of “Hold” from Analysts
Shares of CNH Industrial NV (NASDAQ:CNHI) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company. Four research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $6.37.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of CNH Industrial NV from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Piper Jaffray Cos. cut shares of CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note on Monday, July 25th. Deutsche Bank AG dropped their price objective on shares of CNH Industrial NV from $6.38 to $6.37 and set a “sell” rating for the company in a research note on Wednesday, October 12th. Finally, Barclays PLC increased their price objective on shares of CNH Industrial NV from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Wednesday, October 12th.
CNH Industrial NV (NASDAQ:CNHI) traded up 0.25% on Wednesday, reaching $8.02. 380,885 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $7.45 and a 200-day moving average of $7.24. The firm’s market capitalization is $10.92 billion. CNH Industrial NV has a 12 month low of $5.67 and a 12 month high of $8.20.
CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Monday, October 31st. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.73 billion. CNH Industrial NV’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 earnings per share. On average, equities analysts expect that CNH Industrial NV will post $0.34 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of CNH Industrial NV during the second quarter worth about $2,604,000. CIBC World Markets Inc. purchased a new stake in shares of CNH Industrial NV during the second quarter worth about $124,000. Bank of Montreal Can purchased a new stake in shares of CNH Industrial NV during the second quarter worth about $826,000. First New York Securities LLC NY boosted its stake in shares of CNH Industrial NV by 149,500.0% in the second quarter. First New York Securities LLC NY now owns 149,600 shares of the company’s stock worth $1,070,000 after buying an additional 149,500 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of CNH Industrial NV during the second quarter worth about $164,000.
About CNH Industrial NV
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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