CNH Industrial NV (CNHI) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on CNH Industrial NV. CNH Industrial NV was Upgraded by BofA/Merrill to ” Neutral” on Feb 1, 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 (CNHI) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.5 and reached the intraday high at $6.56. The bulls started the profit booking and pushed the shares to intraday low of $6.46. The trading session was marked by a volume range of 15,22,402 shares exchanging hands. The 52-week high of the shares is $9.72 and the 52-week low is $5.67. The market cap of the company stands at $8,867 M and there are 1,36,20,49,000 shares in public circulation.
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.