CNH Industrial NV (NASDAQ:CNHI) shares were up 2.2% during trading on Wednesday after Barclays PLC raised their price target on the stock from $6.00 to $7.00. Barclays PLC currently has an underweight rating on the stock. CNH Industrial NV traded as high as $7.56 and last traded at $7.55, with a volume of 867,481 shares changing hands. The stock had previously closed at $7.39.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of CNH Industrial NV from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, June 29th. Citigroup Inc. decreased their price objective on shares of CNH Industrial NV from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Friday, July 15th. Deutsche Bank AG initiated coverage on shares of CNH Industrial NV in a research note on Tuesday, September 6th. They issued a “sell” rating and a $6.38 price objective for the company. Bank of America Corp. downgraded shares of CNH Industrial NV from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $9.00 to $6.00 in a research note on Thursday, July 7th. Finally, Piper Jaffray Cos. downgraded shares of CNH Industrial NV from a “neutral” rating to an “underweight” rating and set a $5.00 price objective for the company. in a research note on Monday, July 25th. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.65.
Several hedge funds have recently bought and sold shares of the stock. First New York Securities LLC NY increased its stake in CNH Industrial NV by 149,500.0% in the second quarter. First New York Securities LLC NY now owns 149,600 shares of the company’s stock valued at $1,070,000 after buying an additional 149,500 shares in the last quarter. Aviva PLC increased its stake in CNH Industrial NV by 30.8% in the second quarter. Aviva PLC now owns 893,286 shares of the company’s stock valued at $6,426,000 after buying an additional 210,119 shares in the last quarter. Bank of Montreal Can bought a new stake in CNH Industrial NV during the second quarter valued at $826,000. Swiss National Bank increased its stake in CNH Industrial NV by 10.7% in the second quarter. Swiss National Bank now owns 6,862,009 shares of the company’s stock valued at $49,362,000 after buying an additional 664,043 shares in the last quarter. Finally, World Asset Management Inc increased its stake in CNH Industrial NV by 8.6% in the second quarter. World Asset Management Inc now owns 82,083 shares of the company’s stock valued at $587,000 after buying an additional 6,526 shares in the last quarter.
The firm’s 50 day moving average is $7.28 and its 200-day moving average is $7.12. The company’s market capitalization is $10.27 billion.
CNH Industrial NV (NASDAQ:CNHI) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the prior year, the company posted $0.11 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. On average, analysts expect that CNH Industrial NV will post $0.34 EPS for the current fiscal year.
CNH Industrial NV 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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