Somewhat Positive News Coverage Somewhat Unlikely to Impact CNH Industrial NV (CNHI) Stock Price
News coverage about CNH Industrial NV (NASDAQ:CNHI) has trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CNH Industrial NV earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1054034534037 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- CNH Industrial NV (CNHI) Expected to Announce Earnings of $0.07 Per Share (americanbankingnews.com)
- CCI Indicator Review on Shares of CNH Industrial NV (CNHI) – Wall Street Review (thewallstreetreview.com)
- CNH Industrial NV (CNHI) -2.84% away from 20 SMA – Voice Of Analysts (analystsbuzz.com)
- Shifting Gears: A Technical Look at CNH Industrial NV (CNHI) Shares – Evergreen Caller (evergreencaller.com)
- CNH Industrial NV (CNHI) and Arista Networks Inc (ANET) Needle Moving on Volume – Evergreen Caller (evergreencaller.com)
CNHI has been the subject of a number of research analyst reports. J P Morgan Chase & Co upgraded shares of CNH Industrial NV from an “underweight” rating to a “neutral” rating and increased their price target for the company from $8.00 to $10.00 in a report on Monday, May 1st. Deutsche Bank AG reiterated a “hold” rating and issued a $10.00 price target on shares of CNH Industrial NV in a report on Tuesday, July 4th. Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Zacks Investment Research downgraded shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price target on shares of CNH Industrial NV in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.26.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded down 0.53% during midday trading on Friday, reaching $11.22. 1,079,611 shares of the company were exchanged. CNH Industrial NV has a 52-week low of $6.93 and a 52-week high of $12.13. The company has a market capitalization of $15.31 billion and a PE ratio of 36.19. The firm’s 50 day moving average is $11.63 and its 200-day moving average is $10.62.
CNH Industrial NV (NASDAQ:CNHI) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The business had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.
CNH Industrial NV announced that its Board of Directors has approved a stock repurchase program on Monday, June 5th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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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