Economy

S&P Global Ratings raises its rating on CNH Industrial to Investment Grade

S&P Global Ratings raises its rating on CNH Industrial to Investment Grade

Now the shares of CNH Industrial N.V. (CNHI) has the trading volume of 4.65 Million shares with the average trading volume of 2230 shares. Ameriprise Financial Inc. boosted its stake in shares of CNH Industrial NV by 1.6% in the first quarter. Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. They now have a Dollars 9 price target on the stock.

CNH Industrial NV (NASDAQ:CNHI) last posted its earnings results on Thursday, April 27th.

Several other research analysts have also recently weighed in on the stock. Bank of America Corp DE now owns 1,027,927 shares of the company's stock worth $9,909,000 after buying an additional 885,966 shares in the last quarter. Ameriprise Financial Inc. now owns 12,760 shares of the company's stock valued at $123,000 after buying an additional 199 shares during the period. Finally, Bank of America Corp DE raised its stake in CNH Industrial NV by 624.1% in the first quarter. Finally, Stifel Nicolaus began coverage on shares of CNH Industrial NV in a research note on Tuesday, April 11th. The firm's quarterly revenue was up 5.8% on a year-over-year basis. The last session's volume of 15.37 million shares was lower than its average volume of 18.92 million shares. The Market Capitalization of the company stands at 15.54 Billion. Deutsche Bank AG reissued a "hold" rating and issued a $10.00 target price (down from $10.01) on shares of CNH Industrial NV in a research report on Thursday, April 6th.

Bank of America Corporation upgraded shares of CNH Industrial NV (NASDAQ:CNHI) from a neutral rating to a buy rating in a research report report published on Monday morning.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

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The share price of the company (NYSE:CNHI) was down -0.43%, with a high of 11.79 during the day and the volume of CNH Industrial N.V. shares traded was 4694214. Previously CNH Industrial N.V. (NYSE:CNHI) reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01 with surprise factor of 33.3%.

The net profit margin for the company is reported at -0.90% while the weekly performance for the same has been recorded at -2.13%. Wells Fargo & Company MN now owns 21,606 shares of the company's stock valued at $156,000 after buying an additional 5,157 shares during the period. The company's 50-day moving average is $10.59 and its 200 day moving average is $9.42. Five analysts have issued estimates for CNH Industrial NV's earnings, with estimates ranging from $6.45 billion to $7.07 billion. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & global copyright laws. Highbridge Capital Management LLC bought a new position in CNH Industrial NV during the first quarter valued at $289,000.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 3.3 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.

CNH Industrial N.V. (CNHI) belongs to the "Industrial Goods" sector with an industry focus on "Farm & Construction Machinery", with Mr. Sergio Marchionne FCA as Chairman. The Firm 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.


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