CNH Industrial NV (NASDAQ:CNHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $11.00 price objective on the stock. Zacks Investment Research’s price target would indicate a potential upside of 11.45% from the company’s current price.
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 equities research analysts have also issued reports on CNHI. Barclays PLC reissued a “sell” rating and issued a $8.00 price target on shares of CNH Industrial NV in a report on Tuesday, January 10th. Bank of America Corp raised shares of CNH Industrial NV from an “underperform” rating to a “neutral” rating in a research report on Friday, January 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of CNH Industrial NV in a research report on Wednesday, January 25th. Finally, Deutsche Bank AG raised shares of CNH Industrial NV from a “sell” rating to a “hold” rating and set a $10.01 price target for the company in a research report on Wednesday, February 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $8.86.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded up 1.82% on Tuesday, hitting $10.05. The stock had a trading volume of 802,142 shares. CNH Industrial NV has a 12-month low of $6.26 and a 12-month high of $10.08. The firm’s market capitalization is $13.68 billion. The company has a 50 day moving average of $9.66 and a 200-day moving average of $8.79.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm earned $7 billion during the quarter, compared to the consensus estimate of $6.77 billion. CNH Industrial NV’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Equities analysts predict that CNH Industrial NV will post $0.40 EPS for the current fiscal year.
The company also recently declared a dividend, which will be paid on Tuesday, May 2nd. Shareholders of record on Wednesday, April 26th will be issued a dividend of $0.1155 per share. The ex-dividend date of this dividend is Monday, April 24th.
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A number of institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP purchased a new position in shares of CNH Industrial NV during the fourth quarter valued at $104,000. A.R.T. Advisors LLC bought a new position in CNH Industrial NV during the fourth quarter valued at approximately $121,000. US Bancorp DE increased its position in CNH Industrial NV by 8.9% in the third quarter. US Bancorp DE now owns 14,487 shares of the company’s stock valued at $104,000 after buying an additional 1,187 shares during the period. Sciencast Management LP increased its position in CNH Industrial NV by 35.5% in the fourth quarter. Sciencast Management LP now owns 18,747 shares of the company’s stock valued at $163,000 after buying an additional 4,908 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in CNH Industrial NV by 6.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 20,040 shares of the company’s stock valued at $174,000 after buying an additional 1,199 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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