CNH Global Stock Rating Lowered by Berenberg Bank (CNH)
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of CNH Global from $49.00 to $40.50 in a research note to investors on Friday, January 11th. They now have a “hold” rating on the stock. Analysts at ISI Group upgraded shares of CNH Global from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 2nd.
Two equities research analysts have rated the stock with a buy rating, and seven have assigned a hold rating to the company. CNH Global presently has a consensus rating of “hold” and an average price target of $53.86.
CNH Global opened at 44.72 on Wednesday. CNH Global has a 52-week low of $34.36 and a 52-week high of $49.99. The stock’s 50-day moving average is currently $46.08. The company has a market cap of $10.822 billion and a price-to-earnings ratio of 9.56.
CNH Global last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.23. The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that CNH Global will post $4.88 EPS for the current fiscal year.
CNH Global N.V. (CNH) is a global, full-line company in both the agricultural and construction equipment industries.
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