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Iveco Group NV (IVG) Receives a Buy from Goldman Sachs

Iveco Group NV (IVG) Receives a Buy from Goldman Sachs

Goldman Sachs analyst Daniela Costa maintained a Buy rating on Iveco Group NV (IVG – Research Report) yesterday and set a price target of €20.20. The company's shares closed today at €17.17.
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According to TipRanks, Costa is a 5-star analyst with an average return of 9.9% and a 62.66% success rate. Costa covers the Industrials sector, focusing on stocks such as TRATON SE, Volvo AB, and Daimler Truck Holding AG.
The word on The Street in general, suggests a Hold analyst consensus rating for Iveco Group NV with a €16.05 average price target.
Based on Iveco Group NV's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €4.56 billion and a net profit of €90 million. In comparison, last year the company earned a revenue of €4.88 billion and had a GAAP net loss of €25 million
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IVG in relation to earlier this year.
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