Shares of CNH Industrial NV (NYSE:CNHI) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.10.
A number of research firms recently issued reports on CNHI. Zacks Investment Research raised CNH Industrial from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, April 9th. OTR Global raised CNH Industrial to a “positive” rating in a research note on Friday, January 18th. Finally, ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a research note on Monday, April 1st.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of CNH Industrial by 6.0% during the 3rd quarter. BlackRock Inc. now owns 1,561,960 shares of the company’s stock worth $18,760,000 after purchasing an additional 88,564 shares during the period. Vanguard Group Inc. lifted its stake in shares of CNH Industrial by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 28,126,354 shares of the company’s stock worth $337,798,000 after purchasing an additional 624,528 shares during the period. Quadrant Capital Group LLC purchased a new position in shares of CNH Industrial during the 4th quarter worth $73,000. D.A. Davidson & CO. lifted its stake in shares of CNH Industrial by 19.0% during the 4th quarter. D.A. Davidson & CO. now owns 16,863 shares of the company’s stock worth $155,000 after purchasing an additional 2,690 shares during the period. Finally, Norges Bank purchased a new position in shares of CNH Industrial during the 4th quarter worth $40,707,000. 18.68% of the stock is currently owned by institutional investors.
CNHI stock opened at $9.78 on Friday. CNH Industrial has a 1 year low of $8.41 and a 1 year high of $13.02. The company has a debt-to-equity ratio of 4.42, a quick ratio of 4.31 and a current ratio of 5.33. The company has a market capitalization of $13.24 billion, a P/E ratio of 12.23 and a beta of 1.12.
CNH Industrial (NYSE:CNHI) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same quarter in the prior year, the company earned $0.14 EPS. CNH Industrial’s revenue was down 4.7% on a year-over-year basis. Analysts expect that CNH Industrial will post 0.87 earnings per share for the current year.
About CNH Industrial
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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