CNH Industrial NV (CNHI) Upgraded to Buy by Bank of America Corporation

Bank of America Corporation upgraded shares of CNH Industrial NV (NASDAQ:CNHI) from a neutral rating to a buy rating in a research report released on Monday, Marketbeat reports.

Several other equities analysts also recently issued reports on the stock. J P Morgan Chase & Co raised shares of CNH Industrial NV from an underweight rating to a neutral rating and raised their price target for the company from $8.00 to $10.00 in a research note on Monday, May 1st. Deutsche Bank AG reaffirmed a hold rating and set a $10.00 price target (down previously from $10.01) on shares of CNH Industrial NV in a research note on Thursday, April 6th. Zacks Investment Research downgraded shares of CNH Industrial NV from a buy rating to a hold rating in a research note on Thursday, May 11th. Barclays PLC reaffirmed a sell rating and set a $9.00 price target (up previously from $8.00) on shares of CNH Industrial NV in a research note on Wednesday, April 19th. Finally, Stifel Nicolaus initiated coverage on shares of CNH Industrial NV in a research note on Tuesday, April 11th. They set a hold rating and a $10.50 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $9.00.

Analyst Recommendations for CNH Industrial NV (NASDAQ:CNHI)

CNH Industrial NV (NASDAQ:CNHI) traded down 0.09% on Monday, reaching $11.57. 402,052 shares of the company traded hands. The company has a market capitalization of $15.77 billion and a PE ratio of 51.42. CNH Industrial NV has a 52-week low of $6.26 and a 52-week high of $11.79. The stock has a 50-day moving average of $11.10 and a 200 day moving average of $9.81.

CNH Industrial NV (NASDAQ:CNHI) last issued its earnings results on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. CNH Industrial NV had a net margin of 0.55% and a return on equity of 4.11%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.43 billion. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that CNH Industrial NV will post $0.43 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “CNH Industrial NV (CNHI) Upgraded to Buy by Bank of America Corporation” was published by Ticker Report and is the property of of Ticker Report. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/2655543/cnh-industrial-nv-cnhi-upgraded-to-buy-by-bank-of-america-corporation.html.

A number of large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in CNH Industrial NV by 140.6% in the first quarter. Advisors Asset Management Inc. now owns 20,838 shares of the company’s stock valued at $201,000 after buying an additional 12,177 shares during the period. First Trust Advisors LP increased its stake in CNH Industrial NV by 8.4% in the first quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock valued at $166,000 after buying an additional 1,329 shares during the period. Wetherby Asset Management Inc. increased its stake in CNH Industrial NV by 8.1% in the first quarter. Wetherby Asset Management Inc. now owns 21,666 shares of the company’s stock valued at $209,000 after buying an additional 1,626 shares during the period. Acadian Asset Management LLC increased its stake in CNH Industrial NV by 233.7% in the first quarter. Acadian Asset Management LLC now owns 876,383 shares of the company’s stock valued at $8,475,000 after buying an additional 613,740 shares during the period. Finally, Norges Bank bought a new stake in CNH Industrial NV during the fourth quarter valued at $82,296,000.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CNHI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for CNH Industrial NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial NV and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.