CNH Industrial NV (CNHI) Given Average Rating of “Hold” by Brokerages
CNH Industrial NV (NASDAQ:CNHI) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the company. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.17.
CNHI has been the topic of several recent research reports. Zacks Investment Research lowered shares of CNH Industrial NV from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Barclays PLC restated a “sell” rating and set a $8.00 price objective on shares of CNH Industrial NV in a research note on Tuesday, January 10th. Bank of America Corp upgraded shares of CNH Industrial NV from an “underperform” rating to a “neutral” rating in a research note on Friday, January 13th. JPMorgan Chase & Co. restated an “underweight” rating on shares of CNH Industrial NV in a research note on Wednesday, January 25th. Finally, Deutsche Bank AG upgraded shares of CNH Industrial NV from a “sell” rating to a “hold” rating and set a $10.01 price objective on the stock in a research note on Wednesday, February 1st. They noted that the move was a valuation call.
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Several hedge funds have recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of 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 last quarter. Two Sigma Investments LP bought a new stake in shares of CNH Industrial NV during the fourth quarter valued at approximately $104,000. A.R.T. Advisors LLC bought a new stake in shares of CNH Industrial NV during the fourth quarter valued at approximately $121,000. Wells Fargo & Company MN increased its stake in shares of CNH Industrial NV by 31.4% in the third quarter. Wells Fargo & Company MN now owns 21,606 shares of the company’s stock valued at $156,000 after buying an additional 5,157 shares during the last quarter. Finally, Sciencast Management LP increased its stake in shares of 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 last quarter.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded down 1.865% during trading on Tuesday, reaching $9.735. The company’s stock had a trading volume of 775,139 shares. CNH Industrial NV has a 12-month low of $6.26 and a 12-month high of $10.05. The firm’s 50-day moving average is $9.63 and its 200-day moving average is $8.76. The stock’s market capitalization is $13.26 billion.
CNH Industrial NV (NASDAQ:CNHI) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business earned $7 billion during the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts expect that CNH Industrial NV will post $0.40 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Tuesday, May 2nd. Stockholders of record on Wednesday, April 26th will be paid a dividend of $0.1155 per share. The ex-dividend date is Monday, April 24th.
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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