Analyst Rating Update on CNH Industrial N.V. (CNHI)

CNH Industrial N.V. (NYSE:CNHI) : Zacks Investment Research ranks CNH Industrial N.V. (NYSE:CNHI) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 3.33, which indicates as a Hold.

CNH Industrial N.V. (NYSE:CNHI) : Currently there are 5 street experts covering CNH Industrial N.V. (NYSE:CNHI) stock. The most bullish and bearish price target for the stock is $9 and $6 respectively for the short term. The average price target of all the analysts comes to $7.6. The estimated standard deviation from the target is $1.14.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Bank of America upgrades its ratings on CNH Industrial N.V. (NYSE:CNHI). In the latest research report, Bank of America raises the target price from $7 per share to $8 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 18, 2016.

CNH Industrial N.V. (NYSE:CNHI): stock turned positive on Tuesday. Though the stock opened at $7.16, the bulls momentum made the stock top out at $7.18 level for the day. The stock recorded a low of $6.94 and closed the trading day at $7.05, in the green by 3.68%. The total traded volume for the day was 2,240,654. The stock had closed at $6.8 in the previous days trading.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.