Short Term Price Target on CNH Industrial N.V. (CNHI)

CNH Industrial N.V. (NYSE:CNHI) : The highest short term price target forecast on CNH Industrial N.V. (NYSE:CNHI) is $9 and the lowest target price is $6. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $7.6 with a standard deviation of $1.14.

CNH Industrial N.V. has dropped 7.5% in the last five trading days, however, the shares have posted positive gains of 1.27% in the last 4 weeks. CNH Industrial N.V. is up 10.51% in the last 3-month period. Year-to-Date the stock performance stands at 6.63%. Also, Major Brokerage house, Bank of America upgrades its ratings on CNH Industrial N.V. (NYSE:CNHI). In the latest research report, Bank of America raises the target price from $7 per share to $8 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 18, 2016.

CNH Industrial N.V. (NYSE:CNHI) : 6 analysts are covering CNH Industrial N.V. (NYSE:CNHI) and their average rating on the stock is 3.33, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CNH Industrial N.V. (NYSE:CNHI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.14 and $7.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.15, notching a gain of 0.85% for the day. The total traded volume was 3,136,020 . The stock had closed at $7.09 on the previous day.

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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