CNH Industrial NV (CNHI) Stock Rating Reaffirmed by Stifel Nicolaus
CNHI has been the topic of several other research reports. J P Morgan Chase & Co upgraded CNH Industrial NV from an underweight rating to a neutral rating and increased their price objective for the stock from $8.00 to $10.00 in a research report on Monday, May 1st. Zacks Investment Research lowered CNH Industrial NV from a buy rating to a hold rating in a report on Friday, July 7th. BidaskClub lowered CNH Industrial NV from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Barclays PLC reissued a sell rating and set a $9.00 target price (up from $8.00) on shares of CNH Industrial NV in a report on Wednesday, April 19th. Finally, Bank of America Corporation raised CNH Industrial NV from a neutral rating to a buy rating in a report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $11.26.
Shares of CNH Industrial NV (CNHI) opened at 11.52 on Friday. The firm’s 50-day moving average is $11.60 and its 200-day moving average is $10.41. The firm has a market cap of $15.71 billion and a P/E ratio of 37.04. CNH Industrial NV has a 1-year low of $6.77 and a 1-year high of $12.13.
CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. On average, analysts anticipate that CNH Industrial NV will post $0.45 EPS for the current fiscal year.
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CNH Industrial NV announced that its board has initiated a stock repurchase program on Monday, June 5th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
Several hedge funds have recently added to or reduced their stakes in CNHI. Campbell & CO Investment Adviser LLC acquired a new stake in CNH Industrial NV during the second quarter valued at $173,000. Acadian Asset Management LLC raised its stake in CNH Industrial NV by 65.4% in the second quarter. Acadian Asset Management LLC now owns 1,449,508 shares of the company’s stock valued at $16,390,000 after buying an additional 573,125 shares during the period. US Bancorp DE raised its stake in CNH Industrial NV by 9.6% in the second quarter. US Bancorp DE now owns 15,949 shares of the company’s stock valued at $182,000 after buying an additional 1,395 shares during the period. Aperio Group LLC raised its stake in CNH Industrial NV by 3.9% in the second quarter. Aperio Group LLC now owns 455,934 shares of the company’s stock valued at $5,189,000 after buying an additional 16,974 shares during the period. Finally, Clearbridge Investments LLC raised its stake in CNH Industrial NV by 2,407.7% in the first quarter. Clearbridge Investments LLC now owns 1,073,162 shares of the company’s stock valued at $10,345,000 after buying an additional 1,030,368 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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