CNH Industrial (NYSE:CNHI – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.
A number of other brokerages also recently weighed in on CNHI. Berenberg Bank began coverage on shares of CNH Industrial in a research note on Friday, January 27th. They issued a “buy” rating and a $31.00 target price for the company. Oppenheimer dropped their target price on shares of CNH Industrial from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Morgan Stanley dropped their target price on shares of CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, April 20th. Finally, Robert W. Baird boosted their target price on shares of CNH Industrial from $17.00 to $21.00 in a research note on Thursday, February 2nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $19.43.
CNH Industrial Trading Down 4.1 %
Shares of CNHI stock opened at $13.41 on Thursday. CNH Industrial has a 12-month low of $10.60 and a 12-month high of $17.98. The company has a market capitalization of $17.97 billion, a P/E ratio of 8.43 and a beta of 1.63. The firm has a 50-day moving average price of $14.27 and a 200 day moving average price of $15.54. The company has a quick ratio of 5.84, a current ratio of 7.28 and a debt-to-equity ratio of 3.18.
CNH Industrial (NYSE:CNHI – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. CNH Industrial had a net margin of 8.98% and a return on equity of 30.95%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the firm posted $0.28 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts forecast that CNH Industrial will post 1.75 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CNHI. First Manhattan CO. LLC. bought a new stake in shares of CNH Industrial in the first quarter worth $38,000. Compagnie Lombard Odier SCmA bought a new stake in shares of CNH Industrial in the fourth quarter worth $46,000. Captrust Financial Advisors lifted its position in shares of CNH Industrial by 437.9% in the second quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after purchasing an additional 2,680 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of CNH Industrial in the first quarter worth $50,000. Finally, Bessemer Group Inc. bought a new stake in CNH Industrial during the third quarter worth $49,000. Institutional investors and hedge funds own 38.37% of the company’s stock.
CNH Industrial Company Profile
CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.
