CNH Industrial (NYSE:CNHI) Rating Increased to Overweight at Morgan Stanley

CNH Industrial (NYSE:CNHI) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat reports.

A number of other analysts have also weighed in on the stock. Deutsche Bank upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research note on Tuesday, June 18th. TheStreet upgraded shares of CNH Industrial from a “c” rating to a “b” rating in a research note on Wednesday, May 15th. Stephens assumed coverage on shares of CNH Industrial in a research note on Wednesday, August 14th. They set an “equal weight” rating and a $10.00 target price on the stock. Finally, ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.13.

Shares of CNHI opened at $9.19 on Monday. The stock has a market capitalization of $11.93 billion, a PE ratio of 11.49 and a beta of 1.35. CNH Industrial has a 1 year low of $8.41 and a 1 year high of $12.68. The company has a debt-to-equity ratio of 4.44, a quick ratio of 4.01 and a current ratio of 5.34. The company’s 50-day simple moving average is $9.93 and its 200-day simple moving average is $10.14.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.80 billion. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, sell-side analysts predict that CNH Industrial will post 0.85 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its holdings in shares of CNH Industrial by 1,606.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,453 shares of the company’s stock worth $147,000 after acquiring an additional 13,606 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of CNH Industrial during the 1st quarter worth $146,000. Bank of Montreal Can lifted its holdings in shares of CNH Industrial by 26.0% during the 1st quarter. Bank of Montreal Can now owns 544,181 shares of the company’s stock worth $5,551,000 after acquiring an additional 112,184 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of CNH Industrial during the 1st quarter worth $1,285,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of CNH Industrial during the 1st quarter worth $13,134,000. Hedge funds and other institutional investors own 20.44% of the company’s stock.

CNH Industrial Company Profile

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.

Further Reading: How does a security become overbought?

Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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