CNH Industrial (CNHI) Coverage Initiated at UBS Group
UBS Group initiated coverage on shares of CNH Industrial (NYSE:CNHI) in a research note published on Monday morning, 99wallstreet.com reports. The firm issued a buy rating and a $17.00 target price on the stock.
A number of other research firms also recently weighed in on CNHI. Zacks Investment Research downgraded shares of CNH Industrial from a buy rating to a hold rating in a research note on Friday, November 10th. BidaskClub upgraded shares of CNH Industrial from a hold rating to a buy rating in a research note on Wednesday, September 20th. Deutsche Bank upgraded shares of CNH Industrial from a hold rating to a buy rating and raised their price target for the company from $12.81 to $16.00 in a research note on Thursday, January 4th. Seaport Global Securities restated a buy rating and issued a $16.00 price target on shares of CNH Industrial in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus reiterated a hold rating and set a $13.40 target price (up from $12.00) on shares of CNH Industrial in a research report on Monday, November 13th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CNH Industrial presently has an average rating of Buy and an average price target of $14.43.
CNH Industrial (NYSE CNHI) traded down $0.04 on Monday, hitting $14.22. 1,810,900 shares of the stock were exchanged, compared to its average volume of 1,993,429. CNH Industrial has a one year low of $8.74 and a one year high of $14.48. The company has a current ratio of 5.42, a quick ratio of 4.18 and a debt-to-equity ratio of 5.73. The firm has a market cap of $19,860.00, a P/E ratio of 44.44 and a beta of 0.71.
CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. CNH Industrial had a net margin of 1.66% and a return on equity of 14.63%. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the company posted $0.05 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. equities analysts predict that CNH Industrial will post 0.47 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC raised its holdings in CNH Industrial by 51.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock worth $68,128,000 after purchasing an additional 2,040,505 shares during the last quarter. CIBC World Markets Inc. bought a new position in CNH Industrial during the 2nd quarter worth approximately $2,022,000. PDT Partners LLC bought a new position in CNH Industrial during the 2nd quarter worth approximately $5,714,000. Prudential PLC raised its holdings in CNH Industrial by 7.8% during the 2nd quarter. Prudential PLC now owns 404,825 shares of the company’s stock worth $4,607,000 after purchasing an additional 29,247 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in CNH Industrial during the 2nd quarter worth approximately $929,000. Institutional investors and hedge funds 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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