CNH Industrial NV (NASDAQ:CNHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “CNH Industrial NV designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine application. CNH Industrial NV is based in Amsterdam, the Netherlands. “

Other equities analysts also recently issued research reports about the stock. Bank of America Corporation raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. BidaskClub downgraded shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $12.00 target price on shares of CNH Industrial NV in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.26.

Shares of CNH Industrial NV (NASDAQ CNHI) traded down 2.04% during mid-day trading on Thursday, reaching $11.52. The company’s stock had a trading volume of 1,376,338 shares. The company has a market capitalization of $15.71 billion and a price-to-earnings ratio of 37.16. CNH Industrial NV has a 1-year low of $6.93 and a 1-year high of $12.13. The firm’s 50 day moving average price is $11.65 and its 200-day moving average price is $10.52.

CNH Industrial NV (NASDAQ:CNHI) last issued its earnings results on Wednesday, July 26th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. The business had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that CNH Industrial NV will post $0.45 EPS for the current year.

CNH Industrial NV announced that its board has initiated a stock buyback program on Monday, June 5th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in CNH Industrial NV by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after buying an additional 199 shares during the period. Comerica Bank increased its stake in CNH Industrial NV by 1.3% in the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock valued at $820,000 after buying an additional 986 shares during the period. Wetherby Asset Management Inc. increased its stake in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock valued at $260,000 after buying an additional 1,176 shares during the period. World Asset Management Inc increased its stake in CNH Industrial NV by 1.5% in the first quarter. World Asset Management Inc now owns 82,723 shares of the company’s stock valued at $797,000 after buying an additional 1,232 shares during the period. Finally, First Trust Advisors LP increased its stake in CNH Industrial NV by 8.4% in the first quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after buying an additional 1,329 shares during the period.

CNH Industrial NV Company Profile

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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