CNH Industrial (CNHI) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of CNH Industrial (NYSE:CNHI) from a sell rating to a hold rating in a research note issued to investors on Thursday.
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. “
CNHI has been the topic of a number of other reports. Deutsche Bank raised shares of CNH Industrial from a hold rating to a buy rating and boosted their price objective for the company from $12.81 to $16.00 in a research report on Thursday, January 4th. Morgan Stanley started coverage on shares of CNH Industrial in a research report on Friday, March 2nd. They set an equal weight rating and a $15.00 price objective on the stock. UBS Group started coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set a buy rating and a $17.00 price objective on the stock. Bank of America boosted their price objective on shares of CNH Industrial from $15.00 to $17.00 in a research report on Monday, January 15th. Finally, TheStreet downgraded shares of CNH Industrial from a c rating to a d+ rating in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CNH Industrial has an average rating of Buy and an average target price of $14.77.
CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The firm had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. equities analysts anticipate that CNH Industrial will post 0.67 EPS for the current fiscal year.
CNH Industrial announced that its board has initiated a share buyback plan on Tuesday, January 30th that allows the company to repurchase $700.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its stake in CNH Industrial by 14.4% in the second quarter. FMR LLC now owns 11,900 shares of the company’s stock valued at $135,000 after acquiring an additional 1,500 shares during the last quarter. Wells Fargo & Company MN lifted its stake in CNH Industrial by 34.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock valued at $203,000 after acquiring an additional 3,845 shares during the last quarter. Victory Capital Management Inc. lifted its stake in CNH Industrial by 24.9% in the fourth quarter. Victory Capital Management Inc. now owns 20,998 shares of the company’s stock valued at $281,000 after acquiring an additional 4,186 shares during the last quarter. Stifel Financial Corp lifted its stake in CNH Industrial by 5.7% in the third quarter. Stifel Financial Corp now owns 86,660 shares of the company’s stock valued at $1,042,000 after acquiring an additional 4,694 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in CNH Industrial by 34.2% in the fourth quarter. LPL Financial LLC now owns 23,217 shares of the company’s stock valued at $311,000 after acquiring an additional 5,917 shares during the last quarter. Hedge funds and other institutional investors own 19.64% of the company’s stock.
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CNH Industrial 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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