CNH Industrial NV (CNHI) Lifted to “Outperform” at Evercore ISI
Evercore ISI upgraded shares of CNH Industrial NV (NASDAQ:CNHI) from an in-line rating to an outperform rating in a report released on Monday, Marketbeat.com reports.
Other research analysts have also issued reports about the company. Seaport Global Securities upgraded CNH Industrial NV from a neutral rating to a buy rating and upped their target price for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. BidaskClub upgraded CNH Industrial NV from a hold rating to a buy rating in a research note on Wednesday, September 20th. Zacks Investment Research upgraded CNH Industrial NV from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Tuesday, October 10th. Deutsche Bank AG restated a buy rating and issued a $13.20 target price (up from $12.80) on shares of CNH Industrial NV in a research note on Monday, October 9th. Finally, TheStreet upgraded CNH Industrial NV from a d+ rating to a c rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. CNH Industrial NV currently has a consensus rating of Hold and an average price target of $11.31.
CNH Industrial NV (NASDAQ CNHI) traded down $0.18 on Monday, hitting $12.84. The stock had a trading volume of 1,489,253 shares, compared to its average volume of 1,490,000. CNH Industrial NV has a 12 month low of $7.26 and a 12 month high of $13.37.
CNH Industrial NV (NASDAQ:CNHI) last issued its earnings results on Tuesday, October 31st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $5.03 billion. CNH Industrial NV had a return on equity of 4.78% and a net margin of 0.54%. CNH Industrial NV’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share.
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Large investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC increased its stake in shares of CNH Industrial NV by 51.7% in the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after buying an additional 2,040,505 shares in the last quarter. CIBC World Markets Inc. bought a new position in CNH Industrial NV in the second quarter valued at about $2,022,000. Vanguard Group Inc. boosted its holdings in CNH Industrial NV by 4.0% in the first quarter. Vanguard Group Inc. now owns 22,012,748 shares of the company’s stock valued at $212,204,000 after acquiring an additional 848,678 shares during the last quarter. PDT Partners LLC bought a new position in CNH Industrial NV in the second quarter valued at about $5,714,000. Finally, Trexquant Investment LP boosted its holdings in CNH Industrial NV by 44.6% in the second quarter. Trexquant Investment LP now owns 41,700 shares of the company’s stock valued at $475,000 after acquiring an additional 12,866 shares during the last quarter.
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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