November 28, 2016 - By Hazel Jackson
In analysts note published on Monday, 28 November, PiperJaffray has increased CNH Industrial N.V (NYSE:CNHI) stock to a Neutral. CNHI’s old rating was Underweight.
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 -20.40% below today’s ($8.43) stock price. CNH Industrial has been the topic of 16 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of CNH Industrial NV (NYSE:CNHI) has “Underperform” rating given on Monday, January 18 by Credit Suisse. Citigroup maintained CNH Industrial NV (NYSE:CNHI) on Friday, July 15 with “Neutral” rating. Barclays Capital initiated CNH Industrial NV (NYSE:CNHI) on Friday, September 25 with “Underweight” rating. The firm has “Buy” rating given on Monday, April 18 by Bank of America. The firm has “Sell” rating by Deutsche Bank given on Wednesday, September 7. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, October 12. Barclays Capital maintained CNH Industrial NV (NYSE:CNHI) rating on Monday, May 2. Barclays Capital has “Underweight” rating and $6 price target. The stock has “Sell” rating given by Deutsche Bank on Wednesday, October 12. The firm has “Underperform” rating given on Friday, January 15 by Credit Suisse. JP Morgan downgraded CNH Industrial NV (NYSE:CNHI) rating on Monday, November 16. JP Morgan has “Underperform” rating and $5 price target.
About 620,810 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 $147.97 million for 19.16 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 $11.34 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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