Media stories about CNH Industrial (NYSE:CNHI) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CNH Industrial earned a news impact score of 0.05 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.5077719057717 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities research analysts have issued reports on CNHI shares. Bank of America dropped their price target on CNH Industrial from $16.50 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, April 17th. Morgan Stanley started coverage on CNH Industrial in a research note on Friday, March 2nd. They set an “equal weight” rating and a $15.00 price target for the company. Zacks Investment Research lowered CNH Industrial from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. William Blair reaffirmed a “hold” rating on shares of CNH Industrial in a research note on Wednesday, April 4th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price (up previously from $13.40) on shares of CNH Industrial in a research note on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CNH Industrial has an average rating of “Buy” and a consensus price target of $14.95.
Shares of CNH Industrial traded up $0.06, reaching $12.22, during midday trading on Thursday, according to Marketbeat.com. The company had a trading volume of 983,700 shares, compared to its average volume of 1,976,645. CNH Industrial has a one year low of $12.03 and a one year high of $12.27. The company has a current ratio of 5.05, a quick ratio of 3.88 and a debt-to-equity ratio of 6.02. The firm has a market cap of $16.80 billion, a PE ratio of 25.46 and a beta of 1.02.
CNH Industrial declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 30th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
About CNH Industrial
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.
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