Berenberg Bank assumed coverage on shares of CNH Industrial (NYSE:CNHI) in a report issued on Wednesday, MarketBeat reports. The firm issued a hold rating and a $13.50 price target on the stock.

CNHI has been the subject of several other research reports. Bank of America upped their price objective on CNH Industrial from $15.00 to $17.00 in a report on Monday, January 15th. BidaskClub lowered CNH Industrial from a buy rating to a hold rating in a report on Tuesday, October 17th. Barclays initiated coverage on CNH Industrial in a report on Tuesday, December 12th. They issued an overweight rating and a $15.00 price objective for the company. Citigroup upgraded CNH Industrial from a neutral rating to a buy rating and upped their price objective for the company from $13.75 to $15.00 in a report on Wednesday, November 29th. Finally, Deutsche Bank restated a buy rating and issued a $13.20 price objective (up previously from $12.80) on shares of CNH Industrial in a report on Monday, October 9th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CNH Industrial currently has an average rating of Buy and a consensus price target of $14.59.

Shares of CNH Industrial (NYSE CNHI) traded up $0.08 during mid-day trading on Wednesday, reaching $14.94. The company’s stock had a trading volume of 1,504,406 shares, compared to its average volume of 1,436,682. The company has a quick ratio of 4.18, a current ratio of 5.42 and a debt-to-equity ratio of 5.73. CNH Industrial has a one year low of $8.74 and a one year high of $15.04. The firm has a market cap of $20,373.33, a price-to-earnings ratio of 46.69 and a beta of 0.86.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. analysts predict that CNH Industrial will post 0.47 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of CNH Industrial by 4.3% during the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock worth $110,000 after purchasing an additional 415 shares during the period. Parametrica Management Ltd acquired a new stake in shares of CNH Industrial during the third quarter worth $126,000. FMR LLC raised its position in shares of CNH Industrial by 14.4% during the second quarter. FMR LLC now owns 11,900 shares of the company’s stock worth $135,000 after purchasing an additional 1,500 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CNH Industrial during the second quarter worth $158,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of CNH Industrial during the third quarter worth $202,000. Institutional investors and hedge funds own 18.18% of the company’s stock.

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CNH Industrial Company Profile

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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