CNH Industrial NV (CNHI) Receives $6.37 Consensus Price Target from Analysts
CNH Industrial NV (NASDAQ:CNHI) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm. Four 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 average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.73.
Several equities research analysts have commented on CNHI shares. Barclays PLC boosted their price objective on CNH Industrial NV from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 12th. Bank of America Corp. lowered CNH Industrial NV from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $9.00 to $6.00 in a research note on Thursday, July 7th. Deutsche Bank AG started coverage on CNH Industrial NV in a research note on Tuesday, September 6th. They set a “sell” rating and a $6.38 price objective for the company. Zacks Investment Research upgraded CNH Industrial NV from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Wednesday, June 29th. Finally, Citigroup Inc. cut their price objective on CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Friday, July 15th.
Shares of CNH Industrial NV (NASDAQ:CNHI) opened at 7.48 on Wednesday. The company’s market capitalization is $10.18 billion. The company’s 50 day moving average price is $7.28 and its 200-day moving average price is $7.12. CNH Industrial NV has a 52 week low of $5.67 and a 52 week high of $7.91.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business earned $6.75 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. CNH Industrial NV’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts anticipate that CNH Industrial NV will post $0.34 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of CNHI. Cubist Systematic Strategies LLC bought a new stake in CNH Industrial NV during the second quarter worth about $111,000. Parametrica Management Ltd raised its stake in CNH Industrial NV by 63.2% in the third quarter. Parametrica Management Ltd now owns 16,656 shares of the company’s stock worth $120,000 after buying an additional 6,447 shares during the period. Wetherby Asset Management Inc. raised its stake in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 17,081 shares of the company’s stock worth $122,000 after buying an additional 879 shares during the period. CIBC World Markets Inc. bought a new stake in CNH Industrial NV during the second quarter worth about $124,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in CNH Industrial NV during the second quarter worth about $164,000.
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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