CNH Industrial NV (CNHI) Raised to Neutral at Piper Jaffray Cos.
Piper Jaffray Cos. upgraded shares of CNH Industrial NV (NASDAQ:CNHI) from an underweight rating to a neutral rating in a report issued on Monday morning. They currently have $8.00 target price on the stock, up from their previous target price of $5.00.
Several other research analysts have also recently issued reports on the stock. Deutsche Bank AG assumed coverage on shares of CNH Industrial NV in a report on Tuesday, September 6th. They set a sell rating and a $6.38 price target for the company. Zacks Investment Research raised shares of CNH Industrial NV from a hold rating to a buy rating and set a $8.50 target price for the company in a report on Thursday, October 13th. Finally, Barclays PLC increased their target price on shares of CNH Industrial NV from $6.00 to $7.00 and gave the company an underweight rating in a report on Wednesday, October 12th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $6.75.
Shares of CNH Industrial NV (NASDAQ:CNHI) opened at 8.53 on Monday. The stock’s market cap is $11.61 billion. CNH Industrial NV has a 52-week low of $5.67 and a 52-week high of $8.67. The stock’s 50 day moving average is $7.76 and its 200 day moving average is $7.32.
CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.73 billion. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. On average, equities analysts expect that CNH Industrial NV will post $0.33 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in CNHI. US Bancorp DE raised its stake in shares of CNH Industrial NV by 8.9% in the third quarter. US Bancorp DE now owns 14,487 shares of the company’s stock worth $104,000 after buying an additional 1,187 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of CNH Industrial NV during the second quarter worth about $111,000. Parametrica Management Ltd raised its stake in shares of CNH Industrial NV by 63.2% in the third quarter. Parametrica Management Ltd now owns 16,656 shares of the company’s stock worth $120,000 after buying an additional 6,447 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 17,081 shares of the company’s stock worth $122,000 after buying an additional 879 shares during the period. Finally, CIBC World Markets Inc. purchased a new stake in shares of CNH Industrial NV during the second quarter worth about $124,000.
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.
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