Equities research analysts at Truist Financial began coverage on shares of CNH Industrial (NYSE:CNHI – Get Free Report) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $18.00 price target on the stock. Truist Financial’s price target would indicate a potential upside of 44.64% from the company’s previous close.
A number of other equities analysts also recently commented on CNHI. UBS Group decreased their target price on CNH Industrial from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 24th. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, January 17th. Robert W. Baird upped their target price on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Morgan Stanley assumed coverage on CNH Industrial in a report on Monday, January 8th. They set an “equal weight” rating and a $12.70 target price for the company. Finally, DA Davidson assumed coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.20.
View Our Latest Stock Report on CNHI
CNH Industrial Trading Up 1.3 %
CNHI stock traded up $0.17 during midday trading on Thursday, hitting $12.45. The company had a trading volume of 11,312,971 shares, compared to its average volume of 13,138,870. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74. The stock’s 50 day moving average price is $11.98 and its 200 day moving average price is $11.82. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 7.11 and a beta of 1.64.
CNH Industrial (NYSE:CNHI – Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis. As a group, equities research analysts expect that CNH Industrial will post 1.56 earnings per share for the current fiscal year.
Institutional Investors Weigh In On CNH Industrial
A number of institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC grew its stake in shares of CNH Industrial by 9.4% in the fourth quarter. Private Advisor Group LLC now owns 12,709 shares of the company’s stock worth $155,000 after acquiring an additional 1,090 shares during the last quarter. CWM LLC grew its stake in shares of CNH Industrial by 20.9% in the fourth quarter. CWM LLC now owns 6,508 shares of the company’s stock worth $79,000 after acquiring an additional 1,125 shares during the last quarter. Point72 Middle East FZE grew its stake in shares of CNH Industrial by 1.5% in the second quarter. Point72 Middle East FZE now owns 75,291 shares of the company’s stock worth $1,084,000 after acquiring an additional 1,148 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of CNH Industrial by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 91,721 shares of the company’s stock valued at $1,321,000 after buying an additional 1,153 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of CNH Industrial by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock valued at $4,458,000 after buying an additional 1,223 shares during the last quarter. 39.93% of the stock is owned by hedge funds and other institutional investors.
CNH Industrial Company Profile
CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.
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