Seaport Global Securities Reaffirms “Buy” Rating for CNH Industrial (CNHI)
Seaport Global Securities restated their buy rating on shares of CNH Industrial (NYSE:CNHI) in a research note issued to investors on Wednesday morning. Seaport Global Securities currently has a $16.00 price objective on the stock. Seaport Global Securities also issued estimates for CNH Industrial’s Q1 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.77 EPS.
CNHI has been the subject of a number of other research reports. BidaskClub lowered CNH Industrial from a buy rating to a hold rating in a report on Tuesday, October 17th. Barclays assumed coverage on CNH Industrial in a research note on Tuesday, December 12th. They issued an overweight rating and a $15.00 price target on the stock. Citigroup upgraded CNH Industrial from a neutral rating to a buy rating and raised their price target for the stock from $13.75 to $15.00 in a research note on Wednesday, November 29th. Deutsche Bank restated a buy rating and issued a $13.20 price target (up from $12.80) on shares of CNH Industrial in a research note on Monday, October 9th. Finally, Evercore ISI upgraded CNH Industrial from an in-line rating to an outperform rating in a research note on Monday, November 6th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $14.06.
Shares of CNH Industrial (NYSE:CNHI) opened at $14.05 on Wednesday. The company has a market capitalization of $18,518.73, a price-to-earnings ratio of 43.91 and a beta of 0.86. CNH Industrial has a fifty-two week low of $8.65 and a fifty-two week high of $14.12. The company has a quick ratio of 4.18, a current ratio of 5.42 and a debt-to-equity ratio of 5.73.
CNH Industrial (NYSE:CNHI) last posted its earnings results on Tuesday, October 31st. The company reported $0.11 EPS 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 analyst estimates of $5.03 billion. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. sell-side analysts expect that CNH Industrial will post 0.47 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in CNHI. Advisors Asset Management Inc. boosted its stake in shares of CNH Industrial by 38.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,760 shares of the company’s stock worth $327,000 after buying an additional 7,922 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of CNH Industrial in the 2nd quarter worth $1,587,000. Schroder Investment Management Group purchased a new position in shares of CNH Industrial in the 2nd quarter worth $6,879,000. Engineers Gate Manager LP purchased a new position in shares of CNH Industrial in the 2nd quarter worth $2,134,000. Finally, CIBC World Markets Inc. purchased a new position in CNH Industrial during the second quarter valued at $2,022,000. Hedge funds and other institutional investors own 18.18% of the company’s stock.
CNH Industrial 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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