CNH Industrial NV (NASDAQ:CNHI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
CNHI has been the subject of a number of other research reports. Zacks Investment Research raised shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, April 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $10.00 price target (down previously from $10.01) on shares of CNH Industrial NV in a report on Thursday, April 6th. J P Morgan Chase & Co raised shares of CNH Industrial NV from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $10.00 in a report on Monday, May 1st. Bank of America Corporation raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Finally, Stifel Nicolaus started coverage on shares of CNH Industrial NV in a report on Tuesday, April 11th. They issued a “hold” rating and a $10.50 price target for the company. 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 company. CNH Industrial NV has a consensus rating of “Hold” and an average target price of $10.79.
CNH Industrial NV (NASDAQ CNHI) traded down 1.20% during midday trading on Tuesday, reaching $11.55. 1,258,210 shares of the company’s stock were exchanged. The stock has a market capitalization of $15.74 billion and a price-to-earnings ratio of 51.33. CNH Industrial NV has a 12-month low of $6.77 and a 12-month high of $12.13. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $10.32.
CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.43 billion. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. 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 earnings per share for the current year.
CNH Industrial NV declared that its Board of Directors has initiated a stock buyback program on Monday, June 5th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of CNH Industrial NV by 65.4% in the second quarter. Acadian Asset Management LLC now owns 1,449,508 shares of the company’s stock valued at $16,390,000 after buying an additional 573,125 shares during the period. US Bancorp DE boosted its position in shares of CNH Industrial NV by 9.6% in the second quarter. US Bancorp DE now owns 15,949 shares of the company’s stock valued at $182,000 after buying an additional 1,395 shares during the period. Aperio Group LLC boosted its position in shares of CNH Industrial NV by 3.9% in the second quarter. Aperio Group LLC now owns 455,934 shares of the company’s stock valued at $5,189,000 after buying an additional 16,974 shares during the period. Clearbridge Investments LLC boosted its position in shares of CNH Industrial NV by 2,407.7% in the first quarter. Clearbridge Investments LLC now owns 1,073,162 shares of the company’s stock valued at $10,345,000 after buying an additional 1,030,368 shares during the period. Finally, Credit Suisse AG boosted its position in shares of CNH Industrial NV by 1.4% in the first quarter. Credit Suisse AG now owns 3,829,285 shares of the company’s stock valued at $36,914,000 after buying an additional 52,086 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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