CNH Industrial NV (CNHI) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of CNH Industrial NV (NASDAQ:CNHI) from a buy rating to a hold rating in a research report report published on Friday morning.

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 analysts have also weighed in on CNHI. Seaport Global Securities upgraded shares of CNH Industrial NV from a neutral rating to a buy rating and increased their target price for the stock from $11.00 to $14.00 in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a hold rating and set a $11.50 target price on shares of CNH Industrial NV in a research report on Friday, July 14th. BidaskClub lowered shares of CNH Industrial NV from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Deutsche Bank AG restated a hold rating and issued a $12.81 price objective (up from $10.87) on shares of CNH Industrial NV in a research report on Thursday, July 27th. Finally, TheStreet upgraded shares of CNH Industrial NV from a d+ rating to a c rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. CNH Industrial NV currently has an average rating of Hold and a consensus price target of $11.51.

Shares of CNH Industrial NV (NASDAQ:CNHI) traded up $0.07 during trading hours on Friday, reaching $12.85. 897,500 shares of the company’s stock were exchanged, compared to its average volume of 1,454,059. CNH Industrial NV has a 12-month low of $7.84 and a 12-month high of $13.37.

CNH Industrial NV (NASDAQ:CNHI) last issued its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $6.63 billion during the quarter, compared to analyst estimates of $5.03 billion. CNH Industrial NV had a net margin of 0.54% and a return on equity of 4.78%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its stake in CNH Industrial NV by 0.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 31,850,459 shares of the company’s stock valued at $382,524,000 after purchasing an additional 101,920 shares in the last quarter. Vanguard Group Inc. raised its stake in CNH Industrial NV by 9.8% in the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock valued at $275,133,000 after purchasing an additional 2,164,105 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in CNH Industrial NV by 7.4% in the third quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock valued at $121,282,000 after purchasing an additional 698,600 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in CNH Industrial NV by 51.7% in the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after purchasing an additional 2,040,505 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in CNH Industrial NV by 0.4% in the third quarter. Gabelli Funds LLC now owns 5,205,336 shares of the company’s stock valued at $62,516,000 after purchasing an additional 22,500 shares in the last quarter.

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.

Analyst Recommendations for CNH Industrial NV (NASDAQ:CNHI)

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