Berenberg Bank cut shares of CNH Global (NYSE: CNH) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning. The firm currently has $36.00 price target on the stock, down from their previous price target of $49.00.
CNH Global opened at 43.21 on Wednesday. CNH Global has a 1-year low of $34.36 and a 1-year high of $49.99. The stock’s 50-day moving average is currently $46.05. The company has a market cap of $10.457 billion and a price-to-earnings ratio of 9.23.
A number of other analysts have also recently weighed in on CNH. Analysts at Jefferies Group cut their price target on shares of CNH Global from $49.00 to $40.50 in a research note to investors on Friday, January 11th. They now have a hold rating on the stock. Analysts at ISI Group upgraded shares of CNH Global from a neutral rating to a buy rating in a research note to investors on Wednesday, January 2nd.
Two equities research analysts have rated the stock with a buy rating, six have assigned a hold rating, and one has assigned a sell rating to the company. The company presently has an average rating of hold and an average target price of $52.00.
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