StockNews.com Upgrades CNH Industrial (NYSE:CNHI) to “Buy”

CNH Industrial (NYSE:CNHIGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer upgraded shares of CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of CNH Industrial from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 13th. Robert W. Baird started coverage on shares of CNH Industrial in a report on Tuesday, September 27th. They set an “outperform” rating and a $17.00 price target for the company. The Goldman Sachs Group downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $14.42 to $12.14 in a report on Sunday, October 23rd. Finally, Morgan Stanley lifted their price target on shares of CNH Industrial from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.39.

CNH Industrial Stock Up 4.5 %

CNHI stock opened at $15.43 on Thursday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 3.67 and a current ratio of 4.61. CNH Industrial has a one year low of $10.60 and a one year high of $19.69. The company has a fifty day moving average of $12.38 and a 200-day moving average of $12.79. The stock has a market capitalization of $20.92 billion, a PE ratio of 12.15 and a beta of 1.65.

CNH Industrial (NYSE:CNHIGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.32 by $0.09. CNH Industrial had a net margin of 6.77% and a return on equity of 29.56%. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.33 billion. As a group, analysts expect that CNH Industrial will post 1.44 EPS for the current year.

Institutional Investors Weigh In On CNH Industrial

Several hedge funds have recently modified their holdings of the business. GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of CNH Industrial by 10.5% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 41,950 shares of the company’s stock valued at $469,000 after acquiring an additional 4,000 shares during the period. Credit Agricole S A increased its position in CNH Industrial by 1.0% in the third quarter. Credit Agricole S A now owns 149,463 shares of the company’s stock worth $1,670,000 after purchasing an additional 1,433 shares during the period. Greenleaf Trust boosted its holdings in CNH Industrial by 6.6% during the third quarter. Greenleaf Trust now owns 17,153 shares of the company’s stock worth $192,000 after buying an additional 1,063 shares during the last quarter. Bank of Montreal Can boosted its holdings in CNH Industrial by 23.6% during the third quarter. Bank of Montreal Can now owns 340,181 shares of the company’s stock worth $3,875,000 after buying an additional 65,049 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in CNH Industrial during the third quarter worth about $49,000. 37.64% of the stock is owned by institutional investors.

About CNH Industrial

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CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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