Price Target Update on CNH Industrial N.V. (NYSE:CNHI)

CNH Industrial N.V. (NYSE:CNHI) : The consensus price target for CNH Industrial N.V. (NYSE:CNHI) is $7.6 for the short term with a standard deviation of $1.14. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $9, however, the pessimist price target for the company is $6.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Bank of America, upgrades their rating on the shares of CNH Industrial N.V. (NYSE:CNHI). Bank of America has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $8 per share from a prior target of $7. The rating by the firm was issued on April 18, 2016.

CNH Industrial N.V. (NYSE:CNHI): stock turned positive on Thursday. Though the stock opened at $7.77, the bulls momentum made the stock top out at $7.8 level for the day. The stock recorded a low of $7.65 and closed the trading day at $7.73, in the green by 4.60%. The total traded volume for the day was 2,129,340. The stock had closed at $7.39 in the previous days trading.

The company shares have dropped -20.88% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $9.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.18 and the 200 Day Moving Average price is recorded at $6.80.

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.

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