CNH Industrial NV (NASDAQ:CNHI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a report issued on Friday, July 14th. They currently have a $11.50 price objective on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.95% from the company’s current price.
Several other brokerages also recently issued reports on CNHI. Zacks Investment Research downgraded CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Seaport Global Securities raised CNH Industrial NV from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $14.00 in a research note on Thursday, July 13th. Deutsche Bank AG reissued a “hold” rating and issued a $10.00 price objective (down from $10.01) on shares of CNH Industrial NV in a research note on Thursday, April 6th. Bank of America Corporation raised CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Finally, Barclays PLC reissued a “sell” rating and issued a $9.00 price objective (up from $8.00) on shares of CNH Industrial NV in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.26.
CNH Industrial NV (CNHI) opened at 11.61 on Friday. The stock’s 50 day moving average price is $11.61 and its 200 day moving average price is $10.43. CNH Industrial NV has a 1-year low of $6.85 and a 1-year high of $12.13. The firm has a market cap of $15.84 billion and a P/E ratio of 37.33.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $7.07 billion. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Equities research analysts predict that CNH Industrial NV will post $0.45 EPS for the current year.
CNH Industrial NV declared that its Board of Directors has authorized a stock repurchase program on Monday, June 5th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of CNHI. Vanguard Group Inc. raised its position in shares of CNH Industrial NV by 4.0% in the first quarter. Vanguard Group Inc. now owns 22,012,748 shares of the company’s stock valued at $212,204,000 after buying an additional 848,678 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of CNH Industrial NV by 1.9% in the second quarter. Gamco Investors INC. ET AL now owns 9,399,787 shares of the company’s stock valued at $106,970,000 after buying an additional 179,000 shares during the last quarter. Credit Agricole S A raised its position 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 last quarter. Gabelli Funds LLC raised its position in shares of CNH Industrial NV by 0.7% in the second quarter. Gabelli Funds LLC now owns 5,182,836 shares of the company’s stock valued at $58,981,000 after buying an additional 37,000 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of 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 during 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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