CNH Industrial NV (CNHI) Rating Lowered to Hold at Zacks Investment Research

CNH Industrial NV (NASDAQ:CNHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

Several other research firms have also weighed in on CNHI. Seaport Global Securities raised CNH Industrial NV from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $14.00 in a report on Thursday, July 13th. Deutsche Bank AG reissued a “hold” rating and issued a $10.00 target price on shares of CNH Industrial NV in a report on Tuesday, July 4th. Bank of America Corporation raised CNH Industrial NV from a “neutral” rating to a “buy” rating in a report on Monday, June 19th. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 target price on shares of CNH Industrial NV in a report on Friday, July 28th. Finally, Barclays PLC reissued a “sell” rating and issued a $9.00 target price (up previously from $8.00) on shares of CNH Industrial NV in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. CNH Industrial NV currently has an average rating of “Hold” and an average target price of $11.26.

Shares of CNH Industrial NV (CNHI) opened at 11.35 on Thursday. CNH Industrial NV has a 52 week low of $6.93 and a 52 week high of $12.13. The firm’s 50-day moving average is $11.64 and its 200 day moving average is $10.55. The firm has a market cap of $15.48 billion and a PE ratio of 36.61.

CNH Industrial NV (NASDAQ:CNHI) last posted its earnings results on Wednesday, July 26th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.07 billion. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. CNH Industrial NV’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Equities research analysts forecast that CNH Industrial NV will post $0.45 EPS for the current year.

CNH Industrial NV announced that its board has approved a share repurchase plan on Monday, June 5th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in CNH Industrial NV by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock worth $123,000 after buying an additional 199 shares during the last quarter. Comerica Bank raised its stake in CNH Industrial NV by 1.3% in the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock worth $820,000 after buying an additional 986 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in CNH Industrial NV by 5.4% in the second quarter. Wetherby Asset Management Inc. now owns 22,842 shares of the company’s stock worth $260,000 after buying an additional 1,176 shares during the last quarter. World Asset Management Inc raised its stake in CNH Industrial NV by 1.5% in the first quarter. World Asset Management Inc now owns 82,723 shares of the company’s stock worth $797,000 after buying an additional 1,232 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in CNH Industrial NV by 8.4% in the first quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock worth $166,000 after buying an additional 1,329 shares during the last quarter.

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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