CNH Industrial N.V. (CNHI): Price Target and June Short Interest Disclosure

CNH Industrial N.V. (CNHI) : 5 investment research analysts covering CNH Industrial N.V. (CNHI) have an average price target of $7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $6 for the short term. Analysts expect the variance to be within $1 of the average price.

CNH Industrial N.V. (CNHI) stated loss of 3,750,533 shares or 13.9% in the short interest. The short interest registered from 26,991,660 on June 15,2016 to 23,241,127 on June 30,2016. In terms of floated shares, the shorted positions stood at 2.4%. The stock has been averaging 2,401,075 shares daily in trading and would need 10 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Bank of America upgrades their rating on the shares of CNH Industrial N.V. (NYSE:CNHI). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $8 per share from $7 per share. 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 $6.85, the bulls momentum made the stock top out at $6.92 level for the day. The stock recorded a low of $6.82 and closed the trading day at $6.9, in the green by 1.62%. The total traded volume for the day was 2,175,160. The stock had closed at $6.79 in the previous days trading.

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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