Morgan Stanley upgraded shares of CNH Industrial (NYSE:CNHI) from an equal weight rating to an overweight rating in a research note issued to investors on Monday morning, BenzingaRatingsTable reports.
CNHI has been the topic of a number of other research reports. Stephens initiated coverage on CNH Industrial in a research report on Wednesday, August 14th. They set an equal weight rating and a $10.00 price objective on the stock. Deutsche Bank upgraded CNH Industrial from a sell rating to a hold rating and set a $10.00 price objective on the stock in a research report on Tuesday, June 18th. ValuEngine downgraded CNH Industrial from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, TheStreet upgraded CNH Industrial from a c rating to a b rating in a research report on Wednesday, May 15th. 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.
NYSE CNHI opened at $9.54 on Monday. The company has a market cap of $11.93 billion, a PE ratio of 11.93 and a beta of 1.35. The stock’s 50 day simple moving average is $9.92 and its 200-day simple moving average is $10.14. 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 current ratio of 5.34 and a quick ratio of 4.01.
CNH Industrial (NYSE:CNHI) last released its earnings results on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.80 billion. CNH Industrial had a return on equity of 22.56% and a net margin of 3.97%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. On average, equities research analysts anticipate that CNH Industrial will post 0.85 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in CNH Industrial by 1.9% during the second quarter. Vanguard Group Inc. now owns 29,806,425 shares of the company’s stock worth $306,410,000 after buying an additional 552,786 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in CNH Industrial by 12.9% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 18,958,280 shares of the company’s stock worth $194,891,000 after buying an additional 2,171,494 shares in the last quarter. Bank of Italy lifted its position in CNH Industrial by 19.5% during the second quarter. Bank of Italy now owns 9,049,841 shares of the company’s stock worth $92,874,000 after buying an additional 1,477,931 shares in the last quarter. Allianz Asset Management GmbH raised its position in CNH Industrial by 5.3% in the second quarter. Allianz Asset Management GmbH now owns 7,625,962 shares of the company’s stock valued at $78,395,000 after purchasing an additional 384,690 shares during the period. Finally, Gabelli Funds LLC raised its position in CNH Industrial by 1.0% in the second quarter. Gabelli Funds LLC now owns 6,385,754 shares of the company’s stock valued at $65,646,000 after purchasing an additional 63,000 shares during the period. Hedge funds and other institutional investors own 20.44% of the company’s stock.
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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