CNH Industrial NV (NYSE:CNHI) has been assigned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.43.
A number of equities research analysts have weighed in on CNHI shares. BidaskClub upgraded CNH Industrial from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Deutsche Bank reiterated a “buy” rating and issued a $13.20 target price (up from $12.80) on shares of CNH Industrial in a report on Monday, October 9th. Zacks Investment Research upgraded CNH Industrial from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, October 10th. Evercore ISI upgraded CNH Industrial from an “in-line” rating to an “outperform” rating in a report on Monday, November 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $13.40 target price (up from $12.00) on shares of CNH Industrial in a report on Monday, November 13th.
Shares of CNH Industrial (CNHI) traded down $0.06 during mid-day trading on Tuesday, reaching $13.40. The company’s stock had a trading volume of 712,810 shares, compared to its average volume of 1,520,126. The company has a market capitalization of $18,491.46, a P/E ratio of 41.88 and a beta of 0.86. The company has a debt-to-equity ratio of 5.73, a quick ratio of 4.18 and a current ratio of 5.42. CNH Industrial has a 1-year low of $8.57 and a 1-year high of $13.64.
CNH Industrial (NYSE:CNHI) last issued its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $5.03 billion. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. research analysts predict that CNH Industrial will post 0.47 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its holdings in shares of CNH Industrial by 51.7% during 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 acquiring an additional 2,040,505 shares in the last quarter. CIBC World Markets Inc. bought a new stake in shares of CNH Industrial during the second quarter valued at approximately $2,022,000. PDT Partners LLC bought a new stake in shares of CNH Industrial during the second quarter valued at approximately $5,714,000. Prudential PLC increased its holdings in shares of CNH Industrial by 7.8% during the second quarter. Prudential PLC now owns 404,825 shares of the company’s stock valued at $4,607,000 after acquiring an additional 29,247 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CNH Industrial by 4.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 326,947 shares of the company’s stock valued at $3,705,000 after acquiring an additional 12,561 shares in the last quarter. Hedge funds and other institutional investors own 18.18% of the company’s stock.
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About CNH Industrial
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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