CNH Industrial (CNHI) Downgraded by Deutsche Bank

CNH Industrial (NYSE:CNHI) was downgraded by analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a $8.00 target price on the stock, down from their previous target price of $12.00. Deutsche Bank’s target price suggests a potential downside of 17.44% from the company’s previous close.

CNHI has been the topic of several other reports. Zacks Investment Research lowered CNH Industrial from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Bank of America lowered CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $12.50 in a research note on Wednesday, October 17th. Finally, ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. CNH Industrial has an average rating of “Hold” and an average target price of $13.38.

Shares of NYSE CNHI opened at $9.69 on Wednesday. The company has a current ratio of 5.51, a quick ratio of 4.21 and a debt-to-equity ratio of 5.06. CNH Industrial has a one year low of $8.41 and a one year high of $15.65. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 20.19 and a beta of 1.11.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. CNH Industrial had a return on equity of 22.36% and a net margin of 2.59%. The firm had revenue of $6.69 billion for the quarter, compared to analyst estimates of $7.04 billion. During the same period in the prior year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts forecast that CNH Industrial will post 0.73 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in CNH Industrial in the third quarter valued at about $123,000. Ballentine Partners LLC bought a new position in CNH Industrial in the third quarter valued at about $135,000. Dynamic Technology Lab Private Ltd bought a new position in CNH Industrial in the third quarter valued at about $135,000. Brown Advisory Inc. bought a new position in CNH Industrial in the third quarter valued at about $168,000. Finally, D.A. Davidson & CO. bought a new position in CNH Industrial in the third quarter valued at about $170,000. Hedge funds and other institutional investors own 18.80% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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