An issue of CNH Industrial NV (NASDAQ:CNHI) bonds fell 0.4% against their face value during trading on Thursday. The high-yield debt issue has a 7.875% coupon and is set to mature on December 1, 2017. The bonds in the issue are now trading at $106.50 and were trading at $106.69 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.
Several equities analysts have recently issued reports on the company. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of CNH Industrial NV in a research report on Friday, June 3rd. Zacks Investment Research lowered CNH Industrial NV from a “hold” rating to a “sell” rating in a research report on Monday, July 11th. Piper Jaffray Cos. lowered CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 target price for the company. in a research report on Monday, July 25th. Citigroup Inc. decreased their target price on CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating for the company in a research report on Friday, July 15th. Finally, Deutsche Bank AG assumed coverage on CNH Industrial NV in a research report on Tuesday, September 6th. They set a “sell” rating and a $6.38 target price for the company. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.58.
CNH Industrial NV (NASDAQ:CNHI) opened at 7.37 on Friday. The stock’s 50 day moving average price is $7.34 and its 200 day moving average price is $7.08. The firm’s market capitalization is $10.03 billion. CNH Industrial NV has a 52-week low of $5.67 and a 52-week high of $7.91.
CNH Industrial NV (NASDAQ:CNHI) last released its earnings results on Tuesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.65 billion. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. On average, equities analysts anticipate that CNH Industrial NV will post $0.34 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in CNH Industrial NV during the second quarter valued at about $111,000. Wetherby Asset Management Inc. raised its stake in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 17,081 shares of the company’s stock valued at $122,000 after buying an additional 879 shares during the period. CIBC World Markets Inc. bought a new stake in CNH Industrial NV during the second quarter valued at about $124,000. Quantitative Systematic Strategies LLC bought a new stake in CNH Industrial NV during the second quarter valued at about $164,000. Finally, KCG Holdings Inc. raised its stake in CNH Industrial NV by 71.6% in the second quarter. KCG Holdings Inc. now owns 35,308 shares of the company’s stock valued at $252,000 after buying an additional 14,732 shares during the period.
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