CNH Industrial (CNHI) Given New $15.00 Price Target at Bank of America

CNH Industrial (NYSE:CNHI) had its price objective reduced by Bank of America from $16.50 to $15.00 in a report released on Tuesday. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on CNHI. OTR Global cut CNH Industrial to a positive rating in a research note on Wednesday, April 11th. William Blair restated a hold rating on shares of CNH Industrial in a research note on Wednesday, April 4th. ValuEngine upgraded CNH Industrial from a hold rating to a buy rating in a research note on Monday, April 2nd. Deutsche Bank upgraded CNH Industrial from a hold rating to a buy rating and boosted their price target for the stock from $12.81 to $16.00 in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded CNH Industrial from a sell rating to a hold rating in a research note on Thursday, March 8th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $14.50.

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Shares of NYSE:CNHI opened at $12.59 on Tuesday. The firm has a market cap of $16,777.42, a price-to-earnings ratio of 26.23 and a beta of 1.02. CNH Industrial has a 12-month low of $9.72 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 5.89, a current ratio of 5.42 and a quick ratio of 4.38.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. CNH Industrial had a return on equity of 14.58% and a net margin of 1.08%. The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. research analysts anticipate that CNH Industrial will post 0.68 EPS for the current year.

CNH Industrial announced that its board has approved a share repurchase plan on Tuesday, January 30th that permits the company to buyback $700.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

A number of institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its holdings in CNH Industrial by 93.2% during the fourth quarter. Franklin Resources Inc. now owns 35,031,154 shares of the company’s stock valued at $469,479,000 after purchasing an additional 16,900,395 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in CNH Industrial during the fourth quarter valued at about $135,437,000. TIAA CREF Investment Management LLC grew its holdings in CNH Industrial by 53.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 9,196,954 shares of the company’s stock valued at $123,239,000 after purchasing an additional 3,210,306 shares during the period. Anchor Bolt Capital LP bought a new stake in CNH Industrial during the fourth quarter valued at about $24,610,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in CNH Industrial by 37.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,430,596 shares of the company’s stock valued at $86,153,000 after purchasing an additional 1,751,440 shares during the period. Institutional investors own 21.26% of the company’s stock.

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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.

Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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