Shares of CNH Industrial NV (NASDAQ:CNHI) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.97.
CNHI has been the topic of a number of analyst reports. Bank of America Corporation upgraded shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, July 5th. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. BidaskClub lowered shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th.
Shares of CNH Industrial NV (NASDAQ:CNHI) traded down 0.998% during trading on Friday, hitting $11.405. 579,069 shares of the stock were exchanged. CNH Industrial NV has a 52-week low of $6.93 and a 52-week high of $12.13. The stock has a market cap of $15.56 billion and a PE ratio of 36.790. The firm has a 50 day moving average of $11.65 and a 200-day moving average of $10.53.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. The company had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. CNH Industrial NV’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that CNH Industrial NV will post $0.45 earnings per share for the current fiscal year.
CNH Industrial NV declared that its board has initiated a stock buyback plan on Monday, June 5th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several institutional investors have recently bought and sold shares of CNHI. Vanguard Group Inc. increased its position in CNH Industrial NV by 4.0% in the first quarter. Vanguard Group Inc. now owns 22,012,748 shares of the company’s stock valued at $212,204,000 after buying an additional 848,678 shares during the period. Gamco Investors INC. ET AL increased its position in CNH Industrial NV by 1.9% in the second quarter. Gamco Investors INC. ET AL now owns 9,399,787 shares of the company’s stock valued at $106,970,000 after buying an additional 179,000 shares during the period. Credit Agricole S A increased its position in CNH Industrial NV by 10.3% in the first quarter. Credit Agricole S A now owns 6,617,807 shares of the company’s stock valued at $63,796,000 after buying an additional 616,168 shares during the period. TIAA CREF Investment Management LLC increased its position in CNH Industrial NV by 51.7% in the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after buying an additional 2,040,505 shares during the period. Finally, Gabelli Funds LLC increased its position in CNH Industrial NV by 0.7% in the second quarter. Gabelli Funds LLC now owns 5,182,836 shares of the company’s stock valued at $58,981,000 after buying an additional 37,000 shares during the period.
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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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