CNH Industrial NV (CNHI) is Downgraded by BofA/Merrill to Underperform

CNH Industrial NV (CNHI) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 7, 2016.

Many Wall Street Analysts have commented on CNH Industrial NV. Company shares were Reiterated by Barclays on May 2, 2016 to “Underweight”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .CNH Industrial NV was Upgraded by BofA/Merrill to ” Buy” on Apr 18, 2016.

On the company’s financial health, CNH Industrial NV reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $0.16. The company had revenue of $7144.00 million for the quarter, compared to analysts expectations of $6596.95 million. The company’s revenue was down -14.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

CNH Industrial NV closed down -0.47 points or -6.50% at $6.76 with 21,37,289 shares getting traded on Tuesday. Post opening the session at $7.11, the shares hit an intraday low of $6.71 and an intraday high of $7.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

CNH Industrial NV

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