CNH Industrial NV (NASDAQ:CNHI) had its price objective reduced by research analysts at Deutsche Bank AG from $6.38 to $6.37 in a report released on Wednesday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s price target points to a potential downside of 13.80% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised CNH Industrial NV from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Wednesday, June 29th. Citigroup Inc. reduced their target price on CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating on the stock in a report on Friday, July 15th. Bank of America Corp. downgraded CNH Industrial NV from a “buy” rating to an “underperform” rating and cut their price target for the stock from $9.00 to $6.00 in a report on Thursday, July 7th. Barclays PLC raised their price target on CNH Industrial NV from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Piper Jaffray Cos. downgraded CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 price target on the stock. in a report on Monday, July 25th. Four research 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 stock. CNH Industrial NV presently has an average rating of “Hold” and a consensus target price of $6.65.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded up 1.62% on Wednesday, hitting $7.51. The stock had a trading volume of 151,501 shares. The firm has a 50 day moving average of $7.28 and a 200 day moving average of $7.11. CNH Industrial NV has a 12 month low of $5.67 and a 12 month high of $7.91. The stock’s market cap is $10.22 billion.
CNH Industrial NV (NASDAQ:CNHI) last released 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 had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the prior year, the business earned $0.11 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that CNH Industrial NV will post $0.34 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CNHI. Cubist Systematic Strategies LLC acquired a new stake in shares of CNH Industrial NV during the second quarter valued at $111,000. Wetherby Asset Management Inc. increased its stake in shares of 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 last quarter. CIBC World Markets Inc. acquired a new stake in shares of CNH Industrial NV during the second quarter valued at $124,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of CNH Industrial NV during the second quarter valued at $164,000. Finally, KCG Holdings Inc. increased its stake in shares of 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 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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