Analyst Price Target Update on CNH Industrial N.V. (NYSE:CNHI)

CNH Industrial N.V. (NYSE:CNHI): 5 Analyst have given the stock of CNH Industrial N.V. (NYSE:CNHI) a near short term price target of $7.6. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.14. The higher price target estimate is at $9 while the lower price estimates are fixed at $6.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Bank of America upgrades the rating on CNH Industrial N.V. (NYSE:CNHI). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $7 per share to $8 per share. The rating by the firm was issued on April 18, 2016. Company shares have received an average consensus rating of Hold for the current week

CNH Industrial N.V. (NYSE:CNHI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.08 points or 1.09% at $7.26 with 1,297,851 shares getting traded. Post opening the session at $7.28, the shares hit an intraday low of $7.26 and an intraday high of $7.455 and the price was in this range throughout the day. The company has a market cap of $9,889 million and the number of outstanding shares have been calculated to be 1,362,070,100 shares. The 52-week high of CNH Industrial N.V. (NYSE:CNHI) is $9.72 and the 52-week low is $5.67.

CNH Industrial NV is a Netherlands-based company primarily engaged in the manufacture of heavy machinery and vehicles equipment. It divides its activities into four main businesses. The Agricultural Equipment offers agricultural equipment under the New Holland Agriculture, Case IH brands and the Steyr brand. The Construction Equipment produces excavators, bulldozers, backhoes, compactors and other construction equipment under the New Holland Construction and Case Construction Equipment brands. The Trucks & Commercial Vehicles manufactures trucks and a commercial vehicles, including buses, coaches and special vehicles under Iveco, Iveco Bus and Heuliez Bus brands, as well as it produces quarry and mining equipment through Iveco Astra, and fire fighting vehicles through the Iveco Magirus brand. The Powertrain offers transmission systems, engines for marine application and power generation through FPT Industrial brand.

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