Trade Report: Today: CNH Industrial NV (CNHI) Upgrade to Neutral by Piper Jaffray Cos.

Today: CNH Industrial NV (CNHI) Upgrade to Neutral by Piper Jaffray Cos.

CNH Industrial NV (NASDAQ:CNHI) was upgraded by equities researchers at Piper Jaffray Cos. from an “underweight” rating to a “neutral” rating in a note issued to investors on Monday. The brokerage currently has a $8.00 price objective on the stock, up from their previous price objective of $5.00. Piper Jaffray Cos.’s target price suggests a potential downside of 4.76% from the stock’s previous close.

Several other research analysts have also weighed in on CNHI. Zacks Investment Research lowered shares of CNH Industrial NV from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Deutsche Bank AG began coverage on shares of CNH Industrial NV in a research note on Wednesday, September 7th. They issued a “sell” rating and a $6.38 price objective on the stock. Finally, Barclays PLC boosted their target price on shares of CNH Industrial NV from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 12th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $6.75.

CNH Industrial NV (NASDAQ:CNHI) traded down 1.64% during midday trading on Monday, reaching $8.42. 1,208,974 shares of the company traded hands. CNH Industrial NV has a 12 month low of $5.67 and a 12 month high of $8.67. The stock’s market capitalization is $11.46 billion. The firm has a 50 day moving average of $7.70 and a 200-day moving average of $7.29.

CNH Industrial NV (NASDAQ:CNHI) last released its quarterly earnings data on Monday, October 31st. The company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The company earned $5.75 billion during the quarter, compared to analyst estimates of $5.73 billion. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 EPS. Analysts forecast that CNH Industrial NV will post $0.33 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in CNH Industrial NV during the second quarter valued at about $172,667,000. Mackenzie Financial Corp bought a new stake in shares of CNH Industrial NV during the second quarter worth $21,032,000. FMR LLC bought a new stake in shares of CNH Industrial NV during the second quarter worth $12,059,000. Exane Asset Management increased its stake in shares of CNH Industrial NV by 76.5% in the third quarter. Exane Asset Management now owns 3,132,124 shares of the company’s stock worth $22,415,000 after buying an additional 1,357,556 shares during the period. Finally, Citigroup Inc. increased its stake in shares of CNH Industrial NV by 216.3% in the second quarter. Citigroup Inc. now owns 1,739,840 shares of the company’s stock worth $12,440,000 after buying an additional 1,189,764 shares during the period.

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