CNH Industrial (CNHI) Stock Rating Lowered by Bank of America

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Bank of America downgraded shares of CNH Industrial (NYSE:CNHI) from a buy rating to a neutral rating in a report published on Wednesday morning, The Fly reports. The brokerage currently has $12.50 target price on the stock, down from their prior target price of $14.00.

A number of other equities analysts have also recently commented on CNHI. Zacks Investment Research cut CNH Industrial from a buy rating to a hold rating in a report on Monday, October 1st. Deutsche Bank began coverage on CNH Industrial in a report on Wednesday, September 5th. They issued a hold rating and a $158.00 target price on the stock. TheStreet raised CNH Industrial from a d+ rating to a c rating in a report on Friday, August 17th. ValuEngine raised CNH Industrial from a sell rating to a hold rating in a report on Tuesday, July 31st. Finally, Stifel Nicolaus decreased their target price on CNH Industrial from $14.00 to $13.00 and set a hold rating on the stock in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $28.70.

NYSE CNHI opened at $10.58 on Wednesday. The firm has a market cap of $14.47 billion, a PE ratio of 22.04 and a beta of 1.06. The company has a current ratio of 5.06, a quick ratio of 3.92 and a debt-to-equity ratio of 5.32. CNH Industrial has a 1-year low of $10.09 and a 1-year high of $15.65.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Thursday, July 26th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.50 billion. CNH Industrial had a return on equity of 20.95% and a net margin of 2.03%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. As a group, analysts forecast that CNH Industrial will post 0.73 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its holdings in CNH Industrial by 24.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,294 shares of the company’s stock worth $248,000 after purchasing an additional 4,623 shares during the period. First Trust Advisors LP raised its holdings in CNH Industrial by 31.9% during the second quarter. First Trust Advisors LP now owns 23,426 shares of the company’s stock valued at $247,000 after acquiring an additional 5,671 shares during the period. HPM Partners LLC raised its holdings in CNH Industrial by 72.1% during the second quarter. HPM Partners LLC now owns 17,955 shares of the company’s stock valued at $189,000 after acquiring an additional 7,520 shares during the period. GAM Holding AG raised its holdings in CNH Industrial by 0.9% during the second quarter. GAM Holding AG now owns 894,275 shares of the company’s stock valued at $9,417,000 after acquiring an additional 8,261 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in CNH Industrial by 13.6% during the second quarter. Crossmark Global Holdings Inc. now owns 74,820 shares of the company’s stock valued at $788,000 after acquiring an additional 8,960 shares during the period. 18.89% of the stock is currently owned by institutional investors.

CNH Industrial Company Profile

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

See Also: Are Wall Street analysts’ stock ratings worth following?

The Fly

Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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