Rating Coverage: Is CNH Industrial (NYSE:CNHI) Worth Your Time After Piper Jaffray’s Upgrade?

November 28, 2016 - By olga

Rating Coverage:  Is CNH Industrial (NYSE:CNHI) Worth Your Time After Piper Jaffray's Upgrade?

CNH Industrial (NYSE:CNHI) Upgrade

In analysts note revealed to clients today, Piper Jaffray raised shares of CNH Industrial (NYSE:CNHI) to a Neutral rating from Underweight rating.

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 -20.02% below today’s ($8.39) stock price. CNH Industrial has been the topic of 16 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained CNH Industrial NV (NYSE:CNHI) on Wednesday, October 12 with “Sell” rating. The stock has “Underweight” rating given by Barclays Capital on Friday, September 25. The company was upgraded on Monday, April 18 by Bank of America. The company was maintained on Monday, May 2 by Barclays Capital. Credit Suisse initiated CNH Industrial NV (NYSE:CNHI) on Monday, January 18 with “Underperform” rating. The rating was maintained by Barclays Capital on Wednesday, October 12 with “Underweight”. On Monday, November 16 the stock rating was downgraded by JP Morgan to “Underperform”. As per Friday, July 15, the company rating was maintained by Citigroup. The stock of CNH Industrial NV (NYSE:CNHI) earned “Underperform” rating by Credit Suisse on Friday, January 15. The stock of CNH Industrial NV (NYSE:CNHI) earned “Sell” rating by Deutsche Bank on Wednesday, September 7.

About 363,698 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 EPS, down 42.11% or $0.08 from last year’s $0.19 per share. CNHI’s profit will be $148.02 million for 19.07 P/E if the $0.11 EPS becomes a reality. After $0.05 actual EPS 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 $11.29 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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