Rating Change: Will Piper Jaffray Upgrade Harm CNH Industrial (NYSE:CNHI) Stock Price Today?

November 28, 2016 - By Ellis Scott

Rating Change:  Will Piper Jaffray Upgrade Harm CNH Industrial (NYSE:CNHI) Stock Price Today?

CNH Industrial (NYSE:CNHI) Upgrade

Piper Jaffray upped CNH Industrial (NYSE:CNHI)‘s stock to a Neutral rating from Underweight. This rating change was revealed in a a research note today.

CNH Industrial NV (NYSE:CNHI) Ratings Coverage

Out of 8 analysts covering CNH Industrial (NYSE:CNHI), 1 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 13% are positive. $9.5 is the highest target while $5 is the lowest. The $6.71 average target is -20.78% below today’s ($8.47) stock price. CNH Industrial has been the topic of 16 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Bank of America upgraded the stock to “Buy” rating in Monday, April 18 report. As per Wednesday, October 12, the company rating was maintained by Deutsche Bank. Credit Suisse initiated CNH Industrial NV (NYSE:CNHI) on Monday, January 18 with “Underperform” rating. The rating was initiated by Credit Suisse with “Underperform” on Friday, January 15. The rating was initiated by Deutsche Bank with “Sell” on Wednesday, September 7. The stock of CNH Industrial NV (NYSE:CNHI) earned “Underweight” rating by Barclays Capital on Friday, September 25. As per Friday, July 15, the company rating was maintained by Citigroup. Barclays Capital maintained it with “Underweight” rating and $7 target price in Wednesday, October 12 report. The firm has “Underperform” rating given on Monday, November 16 by JP Morgan. Barclays Capital maintained CNH Industrial NV (NYSE:CNHI) rating on Monday, May 2. Barclays Capital has “Underweight” rating and $6 price target.

About 401,357 shares traded hands. CNH Industrial NV (NYSE:CNHI) has risen 19.22% since April 25, 2016 and is uptrending. It has outperformed by 13.21% the S&P500.

Analysts await CNH Industrial NV (NYSE:CNHI) to report earnings on February, 3. They expect $0.11 earnings per share, down 42.11% or $0.08 from last year’s $0.19 per share. CNHI’s profit will be $147.97M for 19.23 P/E if the $0.11 EPS becomes a reality. After $0.05 actual earnings per share reported by CNH Industrial NV for the previous quarter, Wall Street now forecasts 120.00% EPS growth.

CNH Industrial N.V. is a capital goods company. The company has a market cap of $11.40 billion. The Firm 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. It currently has negative earnings.

According to Zacks Investment Research, “CNH Industrial NV designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine application. CNH Industrial NV is based in Amsterdam, the Netherlands.”

More news for CNH Industrial NV (NYSE:CNHI) were recently published by: Prnewswire.com, which released: “CNH Industrial N.V. announces notes offering” on August 04, 2016. Seekingalpha.com‘s article titled: “CNH Industrial NV (CNHI) Q3 2016 Results – Earnings Call Transcript” and published on October 31, 2016 is yet another important article.

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