Berenberg Bank began coverage on shares of CNH Industrial (NYSE:CNHI) in a research report sent to investors on Wednesday, MarketBeat.com reports. The firm issued a hold rating and a $13.50 price target on the stock.
Several other equities analysts have also recently issued reports on CNHI. BidaskClub upgraded CNH Industrial from a hold rating to a buy rating in a research report on Wednesday, September 20th. Deutsche Bank reiterated a buy rating and set a $13.20 target price (up previously from $12.80) on shares of CNH Industrial in a research report on Monday, October 9th. Zacks Investment Research upgraded CNH Industrial from a hold rating to a buy rating and set a $13.00 target price on the stock in a research report on Tuesday, October 10th. Evercore ISI upgraded CNH Industrial from an in-line rating to an outperform rating in a research report on Monday, November 6th. Finally, Stifel Nicolaus reiterated a hold rating and set a $13.40 target price (up previously from $12.00) on shares of CNH Industrial in a research report on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $14.59.
CNH Industrial (NYSE:CNHI) traded up $0.15 during midday trading on Wednesday, reaching $14.86. The company’s stock had a trading volume of 2,132,152 shares, compared to its average volume of 1,997,500. The company has a debt-to-equity ratio of 5.73, a current ratio of 5.42 and a quick ratio of 4.18. CNH Industrial has a 52 week low of $8.74 and a 52 week high of $15.02. The firm has a market cap of $20,073.33, a PE ratio of 46.44 and a beta of 0.86.
CNH Industrial (NYSE:CNHI) last released its earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The company had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. research analysts predict that CNH Industrial will post 0.47 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNHI. Quadrant Capital Group LLC grew its holdings in shares of CNH Industrial by 4.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after acquiring an additional 415 shares during the period. Parametrica Management Ltd acquired a new stake in shares of CNH Industrial in the 3rd quarter worth approximately $126,000. FMR LLC grew its holdings in shares of CNH Industrial by 14.4% in the 2nd quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after acquiring an additional 1,500 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CNH Industrial in the 2nd quarter worth approximately $158,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of CNH Industrial in the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 18.18% of the company’s stock.
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About CNH Industrial
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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