Barclays PLC Increases CNH Industrial NV (CNHI) Price Target to $7.00
CNH Industrial NV (NASDAQ:CNHI) had its price target lifted by research analysts at Barclays PLC from $6.00 to $7.00 in a note issued to investors on Wednesday. The firm presently has an “underweight” rating on the stock. Barclays PLC’s price target would suggest a potential downside of 5.28% from the stock’s current price.
A number of other research analysts have also weighed in on CNHI. Zacks Investment Research raised CNH Industrial NV from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Wednesday, June 29th. Citigroup Inc. lowered their target price on CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating on the stock in a report on Friday, July 15th. Piper Jaffray Cos. lowered CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Monday, July 25th. Deutsche Bank AG began coverage on CNH Industrial NV in a report on Tuesday, September 6th. They issued a “sell” rating and a $6.38 target price on the stock. Finally, Bank of America Corp. lowered CNH Industrial NV from a “buy” rating to an “underperform” rating and lowered their target price for the company from $9.00 to $6.00 in a report on Thursday, July 7th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.73.
Shares of CNH Industrial NV (NASDAQ:CNHI) opened at 7.39 on Wednesday. CNH Industrial NV has a 12 month low of $5.67 and a 12 month high of $7.91. The company’s 50-day moving average is $7.28 and its 200 day moving average is $7.12. The company’s market capitalization is $10.06 billion.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.05. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that CNH Industrial NV will post $0.34 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC raised its stake in CNH Industrial NV by 0.6% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 35,571,805 shares of the company’s stock worth $254,338,000 after buying an additional 195,664 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in CNH Industrial NV during the second quarter worth approximately $172,667,000. Swiss National Bank raised its stake in CNH Industrial NV by 10.7% in the second quarter. Swiss National Bank now owns 6,862,009 shares of the company’s stock worth $49,362,000 after buying an additional 664,043 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in CNH Industrial NV by 2.4% in the second quarter. Gamco Investors INC. ET AL now owns 6,382,054 shares of the company’s stock worth $45,632,000 after buying an additional 146,756 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in CNH Industrial NV by 3.8% in the second quarter. Gabelli Funds LLC now owns 4,393,896 shares of the company’s stock worth $31,416,000 after buying an additional 162,520 shares during the last quarter.
About CNH Industrial NV
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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