BidaskClub lowered shares of CNH Industrial NV (NASDAQ:CNHI) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of CNH Industrial NV from a hold rating to a buy rating and set a $13.00 price target on the stock in a research note on Wednesday, July 5th. Seaport Global Securities raised shares of CNH Industrial NV from a neutral rating to a buy rating and raised their target price for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. Stifel Nicolaus reissued a hold rating and issued a $11.50 target price on shares of CNH Industrial NV in a research note on Friday, July 14th. Barclays PLC reissued a sell rating and issued a $9.00 target price (up previously from $8.00) on shares of CNH Industrial NV in a research note on Wednesday, April 19th. Finally, Deutsche Bank AG reissued a hold rating and issued a $10.00 target price on shares of CNH Industrial NV in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $11.26.

CNH Industrial NV (NASDAQ:CNHI) traded down 0.17% during mid-day trading on Tuesday, reaching $11.45. 970,786 shares of the company traded hands. The stock has a market capitalization of $15.62 billion and a PE ratio of 36.82. The stock has a 50-day moving average of $11.60 and a 200 day moving average of $10.37. CNH Industrial NV has a 52-week low of $6.77 and a 52-week high of $12.13.

CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $7.07 billion. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. CNH Industrial NV’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. Equities research analysts expect that CNH Industrial NV will post $0.45 earnings per share for the current year.

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CNH Industrial NV declared that its Board of Directors has approved a share buyback plan on Monday, June 5th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Several institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC increased its position in shares of CNH Industrial NV by 316.0% in the first quarter. TIAA CREF Investment Management LLC now owns 3,946,143 shares of the company’s stock worth $38,041,000 after buying an additional 2,997,566 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CNH Industrial NV by 1,788.2% in the first quarter. Renaissance Technologies LLC now owns 2,622,720 shares of the company’s stock worth $25,315,000 after buying an additional 2,483,820 shares in the last quarter. FIL Ltd acquired a new position in shares of CNH Industrial NV during the first quarter worth approximately $18,548,000. JPMorgan Chase & Co. increased its position in shares of CNH Industrial NV by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 3,134,658 shares of the company’s stock worth $30,220,000 after buying an additional 1,757,598 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of CNH Industrial NV by 17.4% in the first quarter. Gamco Investors INC. ET AL now owns 9,220,787 shares of the company’s stock worth $88,888,000 after buying an additional 1,366,437 shares in the last quarter.

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.

Analyst Recommendations for CNH Industrial NV (NASDAQ:CNHI)

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