ValuEngine cut shares of CNH Industrial (NYSE:CNHI) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
Several other analysts have also commented on CNHI. Deutsche Bank raised CNH Industrial from a hold rating to a buy rating and lifted their price objective for the stock from $12.81 to $16.00 in a report on Thursday, January 4th. Morgan Stanley assumed coverage on CNH Industrial in a report on Friday, March 2nd. They issued an equal weight rating and a $15.00 price objective for the company. TheStreet lowered CNH Industrial from a c rating to a d+ rating in a report on Monday, February 12th. Stifel Nicolaus reaffirmed a hold rating and issued a $14.00 price objective (up previously from $13.40) on shares of CNH Industrial in a report on Tuesday, February 20th. Finally, Zacks Investment Research downgraded CNH Industrial from a buy rating to a hold rating in a research report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $14.77.
Shares of CNH Industrial (NYSE:CNHI) opened at $13.71 on Wednesday. The company has a quick ratio of 4.18, a current ratio of 5.42 and a debt-to-equity ratio of 5.89. CNH Industrial has a fifty-two week low of $9.36 and a fifty-two week high of $15.65. The company has a market capitalization of $18,685.50, a price-to-earnings ratio of 28.56 and a beta of 0.98.
CNH Industrial declared that its board has authorized a stock buyback plan on Tuesday, January 30th that authorizes the company to buyback $700.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new position in CNH Industrial during the fourth quarter valued at $122,000. CoreCommodity Management LLC purchased a new position in CNH Industrial during the fourth quarter valued at $139,000. FMR LLC lifted its position in CNH Industrial by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock valued at $135,000 after purchasing an additional 1,500 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of CNH Industrial in the fourth quarter valued at about $195,000. Finally, Wells Fargo & Company MN lifted its position in shares of CNH Industrial by 34.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock valued at $203,000 after acquiring an additional 3,845 shares in the last quarter. Institutional investors own 19.64% of the company’s stock.
CNH Industrial 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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