CNH Industrial (NYSE:CNH) Stock Price Target Raised at JPMorgan Chase & Co.

CNH Industrial (NYSE:CNH) had its target price raised by JPMorgan Chase & Co. from $10.00 to $11.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 9.28% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Robert W. Baird raised shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price target on the stock in a research note on Monday, August 31st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, August 4th. Evercore raised shares of CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 target price on the stock in a report on Wednesday, September 2nd. Weiss Ratings raised shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Finally, BMO Capital Markets upped their price target on shares of CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.30.

CNH Industrial Price Performance

Shares of NYSE CNH traded down $0.34 during trading hours on Thursday, reaching $12.12. 17,939,461 shares of the stock traded hands, compared to its average volume of 15,455,298. The company has a market capitalization of $15.01 billion, a P/E ratio of 48.50 and a beta of 1.20. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33. CNH Industrial has a 52-week low of $9.00 and a 52-week high of $14.46. The company’s 50-day simple moving average is $12.30 and its two-hundred day simple moving average is $11.23.

CNH Industrial (NYSE:CNH) last released its earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%.CNH Industrial’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. Equities research analysts forecast that CNH Industrial will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of CNH Industrial by 61.3% in the first quarter. Sei Investments Co. now owns 4,666,201 shares of the company’s stock worth $51,330,000 after buying an additional 1,774,178 shares during the period. Quantitative Investment Management LLC purchased a new stake in CNH Industrial during the 2nd quarter valued at $1,020,000. Arrowstreet Capital Limited Partnership bought a new stake in CNH Industrial in the 1st quarter worth $6,332,000. Lazard Asset Management LLC grew its holdings in CNH Industrial by 187.8% in the 1st quarter. Lazard Asset Management LLC now owns 341,881 shares of the company’s stock worth $3,761,000 after acquiring an additional 223,073 shares during the last quarter. Finally, SEB Asset Management AB purchased a new position in shares of CNH Industrial in the first quarter valued at about $1,879,000. Institutional investors own 59.88% of the company’s stock.

About CNH Industrial

CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.

Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.