CNH Industrial NV (NASDAQ:CNHI) had its target price increased by Barclays PLC from $6.00 to $7.00 in a research report released on Wednesday morning. The firm currently has an underweight rating on the stock.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised CNH Industrial NV from a hold rating to a buy rating and set a $8.00 price objective on the stock in a research note on Wednesday, June 29th. Citigroup Inc. decreased their price objective on CNH Industrial NV from $8.00 to $7.50 and set a neutral rating for the company in a report on Friday, July 15th. Deutsche Bank AG began coverage on CNH Industrial NV in a research note on Tuesday, September 6th. They set a sell rating and a $6.38 price objective for the company. Bank of America Corp. cut CNH Industrial NV from a buy rating to an underperform rating and dropped their target price for the company from $9.00 to $6.00 in a research report on Thursday, July 7th. Finally, Piper Jaffray Cos. cut CNH Industrial NV from a neutral rating to an underweight rating and set a $5.00 target price on the stock. in a research report on Monday, July 25th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $6.65.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded down 3.05% on Wednesday, reaching $7.31. The company’s stock had a trading volume of 208,379 shares. The company’s market cap is $9.95 billion. CNH Industrial NV has a 52-week low of $5.67 and a 52-week high of $7.91. The stock has a 50-day moving average of $7.28 and a 200 day moving average of $7.12.
CNH Industrial NV (NASDAQ:CNHI) last posted its earnings results on Tuesday, July 26th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm earned $6.75 billion during the quarter, compared to analysts’ expectations of $6.65 billion. CNH Industrial NV’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, equities research analysts forecast that CNH Industrial NV will post $0.34 earnings per share for the current year.
Several large investors have recently bought and sold shares of the stock. CAPROCK Group Inc. boosted its stake in CNH Industrial NV by 28.5% in the second quarter. CAPROCK Group Inc. now owns 40,035 shares of the company’s stock worth $286,000 after buying an additional 8,877 shares during the period. Royal Bank of Canada boosted its stake in CNH Industrial NV by 13.7% in the second quarter. Royal Bank of Canada now owns 42,731 shares of the company’s stock valued at $306,000 after buying an additional 5,157 shares during the last quarter. GLG LLC purchased a new stake in CNH Industrial NV during the second quarter valued at about $1,072,000. Cubist Systematic Strategies LLC purchased a new stake in CNH Industrial NV during the second quarter valued at about $111,000. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in CNH Industrial NV during the second quarter valued at about $522,000.
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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