CNH Industrial (NYSE:CNHI) Receives New Coverage from Analysts at Deutsche Bank

Deutsche Bank assumed coverage on shares of CNH Industrial (NYSE:CNHI) in a research report sent to investors on Tuesday morning, TipRanks reports. The firm issued a hold rating and a $7.00 target price on the stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on CNH Industrial from $6.50 to $8.00 and gave the stock a neutral rating in a research report on Monday, June 22nd. Stifel Nicolaus lowered their price objective on CNH Industrial from $8.00 to $7.00 and set a hold rating on the stock in a research report on Friday, May 8th. Bank of America downgraded CNH Industrial from a neutral rating to an underperform rating and set a $5.50 price objective on the stock. in a research report on Monday, April 13th. Finally, Kepler Capital Markets downgraded CNH Industrial to a hold rating and set a $6.00 price objective on the stock. in a research report on Monday, June 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. CNH Industrial has a consensus rating of Hold and an average target price of $8.21.

NYSE:CNHI opened at $7.04 on Tuesday. The company has a market cap of $9.15 billion, a P/E ratio of 8.69 and a beta of 1.47. The stock’s fifty day moving average price is $6.51 and its two-hundred day moving average price is $8.06. CNH Industrial has a 1 year low of $5.06 and a 1 year high of $11.99. The company has a debt-to-equity ratio of 4.18, a current ratio of 6.13 and a quick ratio of 4.61.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Wednesday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.47 billion. CNH Industrial had a return on equity of 14.23% and a net margin of 4.06%. The company’s revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, analysts expect that CNH Industrial will post -0.12 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Richard P Slaughter Associates Inc grew its stake in shares of CNH Industrial by 39.5% during the first quarter. Richard P Slaughter Associates Inc now owns 267,238 shares of the company’s stock valued at $1,499,000 after buying an additional 75,657 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of CNH Industrial by 4.4% during the first quarter. Clearbridge Investments LLC now owns 1,875,674 shares of the company’s stock valued at $10,523,000 after buying an additional 78,753 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of CNH Industrial during the first quarter valued at about $139,000. Advisor Group Holdings Inc. bought a new position in shares of CNH Industrial during the first quarter valued at about $94,000. Finally, Engineers Gate Manager LP bought a new position in shares of CNH Industrial during the first quarter valued at about $222,000. 20.46% of the stock is currently owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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