CNH Industrial NV (NASDAQ:CNHI) – Analysts at Seaport Global Securities increased their FY2017 earnings per share estimates for shares of CNH Industrial NV in a report released on Thursday. Seaport Global Securities analyst M. Shlisky now anticipates that the company will earn $0.43 per share for the year, up from their previous estimate of $0.42. Seaport Global Securities currently has a “Buy” rating and a $14.00 price target on the stock. Seaport Global Securities also issued estimates for CNH Industrial NV’s Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.18 EPS and FY2018 earnings at $0.57 EPS.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded CNH Industrial NV from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, July 5th. Stifel Nicolaus restated a “hold” rating and issued a $11.50 target price on shares of CNH Industrial NV in a research note on Friday. Barclays PLC restated a “sell” rating and issued a $9.00 target price (up from $8.00) on shares of CNH Industrial NV in a research note on Wednesday, April 19th. Deutsche Bank AG restated a “hold” rating and issued a $10.00 target price on shares of CNH Industrial NV in a research note on Tuesday, July 4th. Finally, Bank of America Corporation upgraded CNH Industrial NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.38.
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CNH Industrial NV (NASDAQ:CNHI) opened at 11.96 on Friday. CNH Industrial NV has a 52-week low of $6.38 and a 52-week high of $12.00. The stock’s 50 day moving average price is $11.22 and its 200 day moving average price is $9.94. The firm has a market capitalization of $16.30 billion and a PE ratio of 53.16.
CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Thursday, April 27th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. CNH Industrial NV had a return on equity of 4.11% and a net margin of 0.55%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.43 billion. The company’s quarterly revenue was up 5.8% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of CNHI. Ameriprise Financial Inc. increased its stake in shares of CNH Industrial NV by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company’s stock valued at $123,000 after buying an additional 199 shares in the last quarter. Comerica Bank increased its position in CNH Industrial NV by 1.3% in the first quarter. Comerica Bank now owns 76,225 shares of the company’s stock worth $820,000 after buying an additional 986 shares during the period. World Asset Management Inc increased its position in CNH Industrial NV by 1.5% in the first quarter. World Asset Management Inc now owns 82,723 shares of the company’s stock worth $797,000 after buying an additional 1,232 shares during the period. First Trust Advisors LP increased its position in CNH Industrial NV by 8.4% in the first quarter. First Trust Advisors LP now owns 17,175 shares of the company’s stock worth $166,000 after buying an additional 1,329 shares during the period. Finally, Wetherby Asset Management Inc. increased its position in CNH Industrial NV by 8.1% in the first quarter. Wetherby Asset Management Inc. now owns 21,666 shares of the company’s stock worth $209,000 after buying an additional 1,626 shares during the period.
CNH Industrial NV Company Profile
CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.
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