Bank of America Securities Sticks to Its Hold Rating for CNH Industrial (CNH)

In a report released today, Michael Feniger from Bank of America Securities reiterated a Hold rating on CNH Industrial, with a price target of $11.00.

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Feniger covers the Industrials sector, focusing on stocks such as Caterpillar, Agco, and CNH Industrial. According to TipRanks, Feniger has an average return of 11.6% and a 62.96% success rate on recommended stocks.

In addition to Bank of America Securities, CNH Industrial also received a Hold from D.A. Davidson’s Michael Shlisky in a report issued on November 11. However, on the same day, Citi maintained a Buy rating on CNH Industrial (NYSE: CNH).

Based on CNH Industrial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.4 billion and a net profit of $80 million. In comparison, last year the company earned a revenue of $4.65 billion and had a net profit of $306 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNH in relation to earlier this year. Earlier this month, Vagn Sorensen, a Director at CNH bought 10,385.00 shares for a total of $99,903.70.