UBS Group started coverage on shares of CNH Industrial (NYSE:CNHI) in a report released on Monday morning, 99wallstreet.com reports. The firm issued a buy rating and a $17.00 target price on the stock.
A number of other brokerages also recently issued reports on CNHI. Deutsche Bank upgraded shares of CNH Industrial from a hold rating to a buy rating and lifted their price target for the company from $12.81 to $16.00 in a report on Thursday, January 4th. Seaport Global Securities reiterated a buy rating and issued a $16.00 price target on shares of CNH Industrial in a report on Wednesday, January 3rd. Evercore ISI upgraded shares of CNH Industrial from an in-line rating to an outperform rating in a report on Monday, November 6th. Barclays assumed coverage on shares of CNH Industrial in a report on Tuesday, December 12th. They issued an overweight rating and a $15.00 price target on the stock. Finally, ValuEngine downgraded shares of CNH Industrial from a buy rating to a hold rating in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $14.43.
Shares of CNH Industrial (CNHI) traded down $0.01 during mid-day trading on Monday, hitting $14.26. 1,736,111 shares of the stock traded hands, compared to its average volume of 2,023,850. The company has a market cap of $19,530.00, a P/E ratio of 44.56 and a beta of 0.71. CNH Industrial has a 12-month low of $8.74 and a 12-month high of $14.32. The company has a quick ratio of 4.18, a current ratio of 5.42 and a debt-to-equity ratio of 5.73.
CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $5.03 billion. CNH Industrial had a net margin of 1.66% and a return on equity of 14.63%. CNH Industrial’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. equities analysts expect that CNH Industrial will post 0.47 earnings per share for the current year.
Several large investors have recently modified their holdings of the business. AXA grew its stake in shares of CNH Industrial by 0.5% in the 3rd quarter. AXA now owns 15,801,602 shares of the company’s stock worth $189,777,000 after buying an additional 83,060 shares in the last quarter. AMP Capital Investors Ltd grew its stake in shares of CNH Industrial by 21.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 424,309 shares of the company’s stock worth $5,097,000 after buying an additional 75,902 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of CNH Industrial by 24.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 3,175,135 shares of the company’s stock worth $38,133,000 after buying an additional 621,462 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of CNH Industrial by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,026,276 shares of the company’s stock worth $12,379,000 after buying an additional 20,259 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of CNH Industrial by 5.7% in the 3rd quarter. Stifel Financial Corp now owns 86,660 shares of the company’s stock worth $1,042,000 after buying an additional 4,694 shares in the last quarter. 18.18% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This piece was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://transcriptdaily.com/2018/01/10/cnh-industrial-cnhi-research-coverage-started-at-ubs-group.html.
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.
Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.