CNH Industrial (CNHI) Receives a Buy from Truist Financial

In a report released today, Jamie Cook from Truist Financial reiterated a Buy rating on CNH Industrial (CNHI – Research Report). The company’s shares closed last Friday at $12.31.

Cook covers the Industrials sector, focusing on stocks such as Agco, CNH Industrial, and Fluor. According to TipRanks, Cook has an average return of 12.6% and a 63.46% success rate on recommended stocks.

In addition to Truist Financial, CNH Industrial also received a Buy from Barclays’s Adam Seiden in a report issued today. However, on the same day, Bank of America Securities downgraded CNH Industrial (NYSE: CNHI) to a Hold.

CNHI market cap is currently $15.46B and has a P/E ratio of 7.01.

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CNH Industrial (CNHI) Company Description:

CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain and Financial Services. The Agricultural Equipment segment designs, manufactures and distributes a full line of farm machinery and implements, including two-wheel and four wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements and material handling equipment. The Construction Equipment engages in production and sales of construction equipment including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders and telehandlers. The Commercial Vehicles segment offers light, medium and heavy vehicles for the transportation and distribution of goods through Iveco brand; commuter buses and touring coaches through Iveco Bus and Heuliez Bus brands; quarry and mining equipment through Iveco Astra brand; and firefighting vehicles through Iveco Magirus brand. The Powertrain segment handles the propulsion and transmission systems for on-and off-road trucks and commercial vehicles, as well as engines for marine application and power generation through FPT Industrial brand. The Financial Services segment provides financial services to dealers and customers. The company was founded in November 12, 2012 and is headquartered in London, the United Kingdom.