CNH Industrial NV’s (NASDAQ:CNHI) “Hold” Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of CNH Industrial NV (NASDAQ:CNHI) in a research report released on Tuesday, StockTargetPrices.com reports. The brokerage currently has a $10.00 price objective on the stock.
CNHI has been the topic of a number of other research reports. Zacks Investment Research downgraded CNH Industrial NV from a buy rating to a hold rating in a research report on Thursday, May 11th. Bank of America Corporation raised CNH Industrial NV from a neutral rating to a buy rating in a research report on Monday, June 19th. Barclays PLC reissued a sell rating and set a $9.00 price target (up previously from $8.00) on shares of CNH Industrial NV in a research report on Wednesday, April 19th. Stifel Nicolaus began coverage on CNH Industrial NV in a research report on Tuesday, April 11th. They set a hold rating and a $10.50 price target on the stock. Finally, J P Morgan Chase & Co raised CNH Industrial NV from an underweight rating to a neutral rating and boosted their price target for the stock from $8.00 to $10.00 in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. CNH Industrial NV presently has a consensus rating of Hold and an average price target of $9.71.
Shares of CNH Industrial NV (NASDAQ CNHI) opened at 11.74 on Tuesday. CNH Industrial NV has a 52 week low of $6.38 and a 52 week high of $11.79. The company’s 50-day moving average price is $11.22 and its 200 day moving average price is $9.94. The company has a market cap of $16.00 billion and a P/E ratio of 52.18.
CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Thursday, April 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.43 billion. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that CNH Industrial NV will post $0.43 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. A.R.T. Advisors LLC bought a new stake in shares of CNH Industrial NV during the fourth quarter valued at about $121,000. AQR Capital Management LLC bought a new stake in shares of CNH Industrial NV during the fourth quarter valued at about $2,753,000. Credit Agricole S A boosted its stake in shares of CNH Industrial NV by 10.3% in the first quarter. Credit Agricole S A now owns 6,617,807 shares of the company’s stock valued at $63,796,000 after buying an additional 616,168 shares during the period. Two Sigma Investments LP bought a new stake in shares of CNH Industrial NV during the fourth quarter valued at about $104,000. Finally, Acadian Asset Management LLC boosted its stake in shares of CNH Industrial NV by 233.7% in the first quarter. Acadian Asset Management LLC now owns 876,383 shares of the company’s stock valued at $8,475,000 after buying an additional 613,740 shares during the period.
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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