CNH Industrial (NYSE:CNHI)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a report issued on Tuesday, February 20th, Marketbeat.com reports. They presently have a $14.00 target price on the stock, up from their prior target price of $13.40. Stifel Nicolaus’ price target suggests a potential upside of 5.18% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut CNH Industrial from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Deutsche Bank upgraded CNH Industrial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $12.81 to $16.00 in a research note on Thursday, January 4th. Seaport Global Securities reiterated a “buy” rating and set a $16.00 price target on shares of CNH Industrial in a research report on Wednesday, January 3rd. TheStreet cut CNH Industrial from a “c” rating to a “d+” rating in a research report on Monday, February 12th. Finally, UBS Group began coverage on CNH Industrial in a research report on Monday, January 8th. They set a “buy” rating and a $17.00 price target on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.77.
CNH Industrial (NYSE:CNHI) traded up $0.02 on Tuesday, reaching $13.31. 2,386,339 shares of the company’s stock were exchanged, compared to its average volume of 2,136,613. The company has a quick ratio of 4.38, a current ratio of 5.42 and a debt-to-equity ratio of 5.89. The stock has a market cap of $18,412.91, a P/E ratio of 60.45 and a beta of 0.98. CNH Industrial has a 1 year low of $9.36 and a 1 year high of $15.65.
CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.14. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.38 billion. CNH Industrial had a net margin of 1.08% and a return on equity of 14.58%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. sell-side analysts forecast that CNH Industrial will post 0.67 EPS for the current fiscal year.
CNH Industrial declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 30th that allows the company to buyback $700.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp raised its holdings in shares of CNH Industrial by 0.9% during the second quarter. Stifel Financial Corp now owns 81,966 shares of the company’s stock valued at $933,000 after acquiring an additional 741 shares in the last quarter. FMR LLC raised its holdings in CNH Industrial by 14.4% in the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after purchasing an additional 1,500 shares in the last quarter. Wells Fargo & Company MN raised its holdings in CNH Industrial by 34.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock worth $203,000 after purchasing an additional 3,845 shares in the last quarter. Victory Capital Management Inc. raised its holdings in CNH Industrial by 24.9% in the fourth quarter. Victory Capital Management Inc. now owns 20,998 shares of the company’s stock worth $281,000 after purchasing an additional 4,186 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in CNH Industrial by 34.2% in the fourth quarter. LPL Financial LLC now owns 23,217 shares of the company’s stock worth $311,000 after purchasing an additional 5,917 shares in the last quarter. Institutional investors own 21.24% of the company’s stock.
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CNH Industrial 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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