CNH Industrial NV (NASDAQ:CNHI) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of $25.0-25.5 billion, compared to the consensus revenue estimate of $21.72 billion.
Several research firms recently weighed in on CNHI. Zacks Investment Research raised shares of CNH Industrial NV from a hold rating to a buy rating and set a $13.00 target price for the company in a research note on Wednesday, July 5th. Seaport Global Securities raised shares of CNH Industrial NV from a neutral rating to a buy rating and raised their target price for the company from $11.00 to $14.00 in a research note on Thursday, July 13th. TheStreet raised shares of CNH Industrial NV from a d+ rating to a c rating in a research note on Wednesday, July 26th. BidaskClub cut shares of CNH Industrial NV from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $11.50 target price on shares of CNH Industrial NV in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $11.31.
Shares of CNH Industrial NV (NASDAQ CNHI) traded up 5.21% during trading on Tuesday, hitting $12.73. 643,628 shares of the company’s stock were exchanged. The company has a market cap of $17.37 billion and a P/E ratio of 41.06. The company has a 50-day moving average of $11.95 and a 200-day moving average of $11.43. CNH Industrial NV has a 12-month low of $7.09 and a 12-month high of $12.74.
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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.
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