Zacks Investment Research lowered shares of CNH Industrial NV (NASDAQ:CNHI) from a buy rating to a hold rating in a report published on Thursday morning.

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. “

Other equities research analysts have also issued reports about the company. Seaport Global Securities raised CNH Industrial NV from a neutral rating to a buy rating and raised their price objective for the stock from $11.00 to $14.00 in a research note on Thursday, July 13th. TheStreet raised CNH Industrial NV from a d+ rating to a c rating in a research note on Wednesday, July 26th. BidaskClub lowered CNH Industrial NV from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Barclays PLC reissued a sell rating and set a $9.00 price objective (up from $8.00) on shares of CNH Industrial NV in a research note on Wednesday, April 19th. Finally, Stifel Nicolaus reissued a hold rating and set a $11.50 price objective on shares of CNH Industrial NV in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $11.26.

CNH Industrial NV (NASDAQ:CNHI) traded down 1.48% during trading on Thursday, hitting $11.35. The stock had a trading volume of 1,088,122 shares. The stock has a market cap of $15.48 billion and a PE ratio of 36.61. The firm’s 50-day moving average price is $11.64 and its 200-day moving average price is $10.55. CNH Industrial NV has a 1-year low of $6.93 and a 1-year high of $12.13.

CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $7.07 billion. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. On average, equities research analysts predict that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.

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CNH Industrial NV announced that its board has initiated a share buyback plan on Monday, June 5th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC raised its stake in CNH Industrial NV by 316.0% in the first quarter. TIAA CREF Investment Management LLC now owns 3,946,143 shares of the company’s stock worth $38,041,000 after buying an additional 2,997,566 shares during the last quarter. Renaissance Technologies LLC raised its stake in CNH Industrial NV by 1,788.2% in the first quarter. Renaissance Technologies LLC now owns 2,622,720 shares of the company’s stock worth $25,315,000 after buying an additional 2,483,820 shares during the last quarter. Vanguard Group Inc. raised its stake in CNH Industrial NV by 9.8% in the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock worth $275,133,000 after buying an additional 2,164,105 shares during the last quarter. FIL Ltd acquired a new stake in CNH Industrial NV during the first quarter worth about $18,548,000. Finally, JPMorgan Chase & Co. raised its stake in CNH Industrial NV by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 3,134,658 shares of the company’s stock worth $30,220,000 after buying an additional 1,757,598 shares during the last quarter.

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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