CNH Industrial NV (CNHI) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of CNH Industrial NV (NASDAQ:CNHI) from a hold rating to a buy rating in a report released on Tuesday morning. Zacks Investment Research currently has $13.00 target price on the stock.
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. “
A number of other analysts also recently issued reports on the stock. Deutsche Bank AG reaffirmed a buy rating and set a $13.20 price target (up previously from $12.80) on shares of CNH Industrial NV in a report on Monday. BidaskClub raised shares of CNH Industrial NV from a buy rating to a strong-buy rating in a report on Thursday, October 5th. TheStreet raised shares of CNH Industrial NV from a d+ rating to a c rating in a report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a hold rating and set a $12.00 price target on shares of CNH Industrial NV in a report on Friday, July 28th. Finally, Seaport Global Securities raised shares of CNH Industrial NV from a neutral rating to a buy rating and raised their price target for the company from $11.00 to $14.00 in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. CNH Industrial NV currently has an average rating of Hold and an average price target of $11.31.
CNH Industrial NV (NASDAQ CNHI) traded down 0.210% on Tuesday, reaching $11.875. 431,635 shares of the company traded hands. CNH Industrial NV has a one year low of $7.09 and a one year high of $12.27. The stock’s 50 day moving average price is $11.67 and its 200 day moving average price is $11.21. The company has a market capitalization of $16.20 billion and a PE ratio of 38.306.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The company had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the firm posted $0.10 EPS. CNH Industrial NV’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that CNH Industrial NV will post $0.45 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNHI. First Trust Advisors LP raised its stake in CNH Industrial NV by 8.4% during the 1st quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock worth $166,000 after acquiring an additional 1,329 shares during the period. Comerica Bank raised its stake in CNH Industrial NV by 1.3% during the 1st quarter. Comerica Bank now owns 76,225 shares of the company’s stock worth $820,000 after acquiring an additional 986 shares during the period. Ameriprise Financial Inc. raised its stake in CNH Industrial NV by 1.6% during the 1st quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after acquiring an additional 199 shares during the period. Parametric Portfolio Associates LLC raised its stake in CNH Industrial NV by 95.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 123,439 shares of the company’s stock worth $1,190,000 after acquiring an additional 60,271 shares during the period. Finally, Wellington Management Group LLP raised its stake in CNH Industrial NV by 18.1% during the 1st quarter. Wellington Management Group LLP now owns 22,819 shares of the company’s stock worth $220,000 after acquiring an additional 3,501 shares during the period.
CNH Industrial NV 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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