Zacks Investment Research Downgrades CNH Industrial (CNHI) to Sell
Zacks Investment Research lowered shares of CNH Industrial (NYSE:CNHI) from a hold rating to a sell rating in a research report released on Monday.
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. “
Other equities research analysts have also recently issued reports about the stock. Bank of America raised their price target on shares of CNH Industrial from $15.00 to $17.00 in a report on Monday, January 15th. UBS Group initiated coverage on shares of CNH Industrial in a report on Monday, January 8th. They issued a buy rating and a $17.00 price target for the company. Deutsche Bank upgraded shares of CNH Industrial from a hold rating to a buy rating and raised their price target for the stock from $12.81 to $16.00 in a report 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 report on Wednesday, January 3rd. Finally, Citigroup upgraded shares of 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 report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $14.69.
CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $7.38 billion. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted $0.14 earnings per share. equities analysts predict that CNH Industrial will post 0.68 EPS for the current fiscal year.
CNH Industrial declared that its board has authorized a share repurchase plan on Tuesday, January 30th that allows the company to repurchase $700.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in CNHI. FMR LLC lifted its stake in shares of CNH Industrial by 14.4% in the second quarter. FMR LLC now owns 11,900 shares of the company’s stock valued at $135,000 after buying an additional 1,500 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in shares of CNH Industrial by 48.3% in the second quarter. Virtu KCG Holdings LLC now owns 24,992 shares of the company’s stock valued at $284,000 after buying an additional 8,143 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of CNH Industrial by 0.9% in the second quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock valued at $933,000 after buying an additional 741 shares in the last quarter. QS Investors LLC lifted its stake in shares of CNH Industrial by 31.0% in the second quarter. QS Investors LLC now owns 47,559 shares of the company’s stock valued at $541,000 after buying an additional 11,255 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of CNH Industrial by 58.9% in the second quarter. Royal Bank of Canada now owns 37,906 shares of the company’s stock valued at $432,000 after buying an additional 14,055 shares in the last quarter. 17.41% of the stock is currently owned by hedge funds and other institutional investors.
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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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