Shares of CNH Industrial N.V. (NYSE:CNHI) have received a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.43.
Several equities analysts recently commented on CNHI shares. BidaskClub raised CNH Industrial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 20th. Evercore ISI raised CNH Industrial from an “in-line” rating to an “outperform” rating in a research report on Monday, November 6th. Deutsche Bank reissued a “buy” rating and set a $13.20 price target (up from $12.80) on shares of CNH Industrial in a research report on Monday, October 9th. Zacks Investment Research lowered CNH Industrial from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $13.40 price target (up from $12.00) on shares of CNH Industrial in a research report on Monday, November 13th.
A number of hedge funds have recently bought and sold shares of CNHI. Vanguard Group Inc. increased its holdings in CNH Industrial by 9.8% during the 2nd quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock worth $275,133,000 after purchasing an additional 2,164,105 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in CNH Industrial by 51.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock worth $68,128,000 after purchasing an additional 2,040,505 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in CNH Industrial by 61.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,120,610 shares of the company’s stock worth $25,363,000 after purchasing an additional 804,286 shares during the last quarter. Schroder Investment Management Group purchased a new stake in CNH Industrial during the 2nd quarter worth approximately $6,879,000. Finally, Gamco Investors INC. ET AL increased its holdings in CNH Industrial by 7.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock worth $121,282,000 after purchasing an additional 698,600 shares during the last quarter. Institutional investors own 18.18% of the company’s stock.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $5.03 billion. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. equities analysts expect that CNH Industrial will post 0.47 earnings per share for the current fiscal year.
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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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