CNH Industrial (NYSE:CNHI) was downgraded by stock analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a $8.00 price target on the stock, down from their prior price target of $12.00. Deutsche Bank’s target price points to a potential downside of 17.44% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Zacks Investment Research downgraded shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. Finally, Bank of America downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $14.00 to $12.50 in a research note on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. CNH Industrial currently has a consensus rating of “Hold” and a consensus price target of $13.38.

CNHI opened at $9.69 on Wednesday. CNH Industrial has a fifty-two week low of $8.41 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 5.06, a quick ratio of 4.21 and a current ratio of 5.51. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 20.19 and a beta of 1.11.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. CNH Industrial had a net margin of 2.59% and a return on equity of 22.36%. The firm had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $7.04 billion. During the same quarter in the previous year, the company earned $0.11 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that CNH Industrial will post 0.73 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CNHI. First Trust Advisors LP raised its holdings in shares of CNH Industrial by 31.9% in the second quarter. First Trust Advisors LP now owns 23,426 shares of the company’s stock valued at $247,000 after buying an additional 5,671 shares during the last quarter. BlackRock Inc. raised its holdings in shares of CNH Industrial by 17.8% in the second quarter. BlackRock Inc. now owns 1,473,396 shares of the company’s stock valued at $15,515,000 after buying an additional 223,158 shares during the last quarter. AMP Capital Investors Ltd raised its holdings in shares of CNH Industrial by 13.4% in the second quarter. AMP Capital Investors Ltd now owns 463,092 shares of the company’s stock valued at $4,918,000 after buying an additional 54,556 shares during the last quarter. Marshall Wace LLP bought a new position in shares of CNH Industrial in the second quarter valued at about $14,283,000. Finally, Millennium Management LLC raised its holdings in shares of CNH Industrial by 756.1% in the second quarter. Millennium Management LLC now owns 1,042,228 shares of the company’s stock valued at $10,975,000 after buying an additional 920,488 shares during the last quarter. 18.80% of the stock is owned by institutional investors.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

Further Reading: The components of the Stochastic Momentum Index

Analyst Recommendations for CNH Industrial (NYSE:CNHI)

Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.