CNH Industrial NV (NASDAQ:CNHI)‘s stock had its “hold” rating reissued by research analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $12.00 price objective on the stock. Stifel Nicolaus’ target price points to a potential upside of 4.80% from the stock’s current price.
A number of other analysts have also weighed in on the stock. J P Morgan Chase & Co upgraded shares of CNH Industrial NV from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $8.00 to $10.00 in a research note on Monday, May 1st. Deutsche Bank AG reiterated a “hold” rating and issued a $10.00 price objective (down previously from $10.01) on shares of CNH Industrial NV in a research note on Thursday, April 6th. Zacks Investment Research lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Barclays PLC reiterated a “sell” rating and issued a $9.00 price objective (up previously from $8.00) on shares of CNH Industrial NV in a research note on Wednesday, April 19th. Finally, Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. CNH Industrial NV has a consensus rating of “Hold” and a consensus target price of $11.26.
Shares of CNH Industrial NV (CNHI) opened at 11.45 on Friday. The company has a market cap of $15.62 billion and a P/E ratio of 36.82. The firm has a 50-day moving average of $11.60 and a 200-day moving average of $10.37. CNH Industrial NV has a 52-week low of $6.77 and a 52-week high of $12.13.
CNH Industrial NV (NASDAQ:CNHI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share (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 analyst estimates of $7.07 billion. During the same quarter in the prior year, the business posted $0.10 EPS. CNH Industrial NV’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts forecast that CNH Industrial NV will post $0.45 earnings per share for the current year.
CNH Industrial NV announced that its board has authorized a share buyback program on Monday, June 5th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its stake in CNH Industrial NV by 316.0% in the first quarter. TIAA CREF Investment Management LLC now owns 3,946,143 shares of the company’s stock valued at $38,041,000 after buying an additional 2,997,566 shares in the last quarter. Renaissance Technologies LLC raised its stake in CNH Industrial NV by 1,788.2% in the first quarter. Renaissance Technologies LLC now owns 2,622,720 shares of the company’s stock valued at $25,315,000 after buying an additional 2,483,820 shares in the last quarter. FIL Ltd purchased a new stake in CNH Industrial NV during the first quarter valued at approximately $18,548,000. JPMorgan Chase & Co. raised its stake in CNH Industrial NV by 127.6% in the first quarter. JPMorgan Chase & Co. now owns 3,134,658 shares of the company’s stock valued at $30,220,000 after buying an additional 1,757,598 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in CNH Industrial NV by 17.4% in the first quarter. Gamco Investors INC. ET AL now owns 9,220,787 shares of the company’s stock valued at $88,888,000 after buying an additional 1,366,437 shares in the last quarter.
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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