CNH Industrial NV (CNHI) Lifted to “Buy” at Zacks Investment Research

CNH Industrial NV (NASDAQ:CNHI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $13.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 8.79% from the company’s previous close.

According to Zacks, “CNH Industrial NV designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine application. CNH Industrial NV is based in Amsterdam, the Netherlands. “

Other equities analysts have also recently issued reports about the stock. Bank of America Corporation raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Deutsche Bank AG reissued a “buy” rating and issued a $13.20 price objective (up from $12.80) on shares of CNH Industrial NV in a research report on Monday. Seaport Global Securities raised shares of CNH Industrial NV from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $14.00 in a research report on Thursday, July 13th. BidaskClub cut shares of CNH Industrial NV from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, TheStreet raised shares of CNH Industrial NV from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.31.

CNH Industrial NV (NASDAQ CNHI) traded up 0.34% during mid-day trading on Tuesday, reaching $11.95. The company’s stock had a trading volume of 968,733 shares. The stock has a market capitalization of $16.30 billion and a P/E ratio of 38.55. CNH Industrial NV has a 1-year low of $7.09 and a 1-year high of $12.27. The stock’s 50 day moving average price is $11.61 and its 200 day moving average price is $11.18.

CNH Industrial NV (NASDAQ:CNHI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CNH Industrial NV had a net margin of 3.17% and a return on equity of 21.59%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. Analysts expect that CNH Industrial NV will post $0.45 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of CNH Industrial NV by 4.3% during the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after purchasing an additional 415 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of CNH Industrial NV by 1.6% during the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after purchasing an additional 199 shares during the last quarter. FMR LLC lifted its position in shares of CNH Industrial NV by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after purchasing an additional 1,500 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of CNH Industrial NV during the second quarter worth about $136,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of CNH Industrial NV during the second quarter worth about $158,000.

About CNH Industrial NV

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.

Analyst Recommendations for CNH Industrial NV (NASDAQ:CNHI)

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