CNH Global N.V. (NYSE:CNH) was downgraded by stock analysts at ISI Group from a “strong-buy” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $56.00 target price on the stock. ISI Group’s target price indicates a potential upside of 18.49% from the stock’s previous close.
CNH Global N.V. (NYSE:CNH) traded down 0.11% on Friday, hitting $47.21. CNH Global N.V. has a 52-week low of $38.19 and a 52-week high of $49.99. The stock’s 50-day moving average is currently $44.08. The company has a market cap of $11.519 billion and a price-to-earnings ratio of 8.71.
CNH Global N.V. (NYSE:CNH) last announced its earnings results on Wednesday, July 31st. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.42. The company had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that CNH Global N.V. will post $5.27 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CNH. Analysts at Zacks upgraded shares of CNH Global N.V. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 1st. They now have a $50.90 price target on the stock.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $45.78.
CNH Global N.V. (NYSE:CNH) is a global, full-line company in both the agricultural and construction equipment industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.