CNH Industrial (CNHI) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of CNH Industrial (NYSE:CNHI) from a buy rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “In 2018, CNH Industrial gained from operating efficiencies, higher sales volume, favorable mix and positive net price realization. For 2019, it expects net sales for Industrial Activities to be $28 billion and adjusted earnings per share to be 84-88 cents, aided by product launches and positive price realization. For long-term growth, it is developing several products and technologies across all the segments to remain at par with technological advancements and new emission-control procedures. Over the past six months, the company’s shares have outperformed the industry it belongs to. However, increasing capital expenses to develop products, rise in raw material costs due to tariffs and foreign currency fluctuations are headwinds for CNH Industrial.”

Several other equities research analysts have also commented on the stock. OTR Global upgraded shares of CNH Industrial to a positive rating in a research note on Friday, January 18th. ValuEngine upgraded shares of CNH Industrial from a sell rating to a hold rating in a research note on Tuesday, March 5th. Finally, Deutsche Bank lowered shares of CNH Industrial from a hold rating to a sell rating and decreased their price objective for the company from $12.00 to $8.00 in a research note on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. CNH Industrial currently has a consensus rating of Hold and a consensus target price of $12.92.

NYSE:CNHI opened at $11.32 on Tuesday. The company has a quick ratio of 4.31, a current ratio of 5.45 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 14.15 and a beta of 1.11. CNH Industrial has a 52 week low of $8.41 and a 52 week high of $13.02.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. The firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.31 billion. CNH Industrial had a net margin of 3.60% and a return on equity of 23.69%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Equities analysts forecast that CNH Industrial will post 0.86 earnings per share for the current year.

Several hedge funds have recently modified their holdings of CNHI. Norges Bank purchased a new stake in shares of CNH Industrial during the 4th quarter worth approximately $40,707,000. TIAA CREF Investment Management LLC increased its stake in shares of CNH Industrial by 25.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 9,684,902 shares of the company’s stock worth $116,316,000 after purchasing an additional 1,950,697 shares during the last quarter. Barclays PLC boosted its holdings in CNH Industrial by 18.6% in the 4th quarter. Barclays PLC now owns 5,647,512 shares of the company’s stock worth $52,012,000 after buying an additional 885,520 shares during the period. Vanguard Group Inc boosted its holdings in CNH Industrial by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 28,126,354 shares of the company’s stock worth $337,798,000 after buying an additional 624,528 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in CNH Industrial by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,126,354 shares of the company’s stock worth $337,798,000 after buying an additional 624,528 shares during the period. Institutional investors own 18.81% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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