CNH Industrial NV (CNHI) Upgraded to “Neutral” at Piper Jaffray Cos.
Piper Jaffray Cos. upgraded shares of CNH Industrial NV (NASDAQ:CNHI) from an underweight rating to a neutral rating in a research report sent to investors on Monday. Piper Jaffray Cos. currently has $8.00 target price on the stock, up from their prior target price of $5.00.
A number of other research firms have also commented on CNHI. Deutsche Bank AG reduced their price target on shares of CNH Industrial NV from $6.38 to $6.37 and set a sell rating on the stock in a research report on Wednesday, October 12th. Zacks Investment Research lowered shares of CNH Industrial NV from a buy rating to a hold rating in a research report on Wednesday, November 2nd. Finally, Barclays PLC boosted their price target on shares of CNH Industrial NV from $6.00 to $7.00 and gave the company an underweight rating in a research report on Wednesday, October 12th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $6.75.
Shares of CNH Industrial NV (NASDAQ:CNHI) opened at 8.42 on Monday. CNH Industrial NV has a one year low of $5.67 and a one year high of $8.67. The company’s market capitalization is $11.46 billion. The company’s 50-day moving average is $7.73 and its 200-day moving average is $7.30.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings results on Monday, October 31st. The company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm earned $5.75 billion during the quarter, compared to analyst estimates of $5.73 billion. CNH Industrial NV’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 earnings per share. Equities analysts predict that CNH Industrial NV will post $0.33 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. First Trust Advisors LP increased its stake in shares of CNH Industrial NV by 131.8% in the second quarter. First Trust Advisors LP now owns 39,074 shares of the company’s stock valued at $279,000 after buying an additional 22,215 shares during the last quarter. Gabelli Funds LLC boosted its position in CNH Industrial NV by 3.8% in the second quarter. Gabelli Funds LLC now owns 4,393,896 shares of the company’s stock valued at $31,416,000 after buying an additional 162,520 shares during the period. Gamco Investors INC. ET AL boosted its position in CNH Industrial NV by 2.4% in the second quarter. Gamco Investors INC. ET AL now owns 6,382,054 shares of the company’s stock valued at $45,632,000 after buying an additional 146,756 shares during the period. DekaBank Deutsche Girozentrale boosted its position in CNH Industrial NV by 289.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 188,397 shares of the company’s stock valued at $1,362,000 after buying an additional 140,000 shares during the period. Finally, Exane Asset Management boosted its position in CNH Industrial NV by 10.1% in the second quarter. Exane Asset Management now owns 1,774,568 shares of the company’s stock valued at $13,087,000 after buying an additional 162,219 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.
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