Citigroup Cuts CNH Industrial (NYSE:CNH) Price Target to $13.00

CNH Industrial (NYSE:CNH) had its price target trimmed by Citigroup from $16.00 to $13.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Oppenheimer cut their price objective on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, September 18th. Raymond James Financial decreased their target price on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Barclays lowered their price target on CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CNH Industrial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.73.

CNH Industrial Stock Performance

CNH Industrial stock opened at $10.33 on Monday. The stock’s 50 day moving average price is $10.69 and its 200 day moving average price is $12.01. The firm has a market capitalization of $12.91 billion, a PE ratio of 15.88 and a beta of 1.52. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. CNH Industrial has a one year low of $9.00 and a one year high of $14.27.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.22 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. As a group, sell-side analysts expect that CNH Industrial will post 0.7 EPS for the current fiscal year.

Institutional Trading of CNH Industrial

Hedge funds and other institutional investors have recently modified their holdings of the company. Gabelli Funds LLC raised its position in CNH Industrial by 2.1% in the third quarter. Gabelli Funds LLC now owns 6,967,145 shares of the company’s stock worth $75,594,000 after acquiring an additional 144,200 shares in the last quarter. Barclays PLC grew its stake in shares of CNH Industrial by 51.7% in the 3rd quarter. Barclays PLC now owns 1,562,138 shares of the company’s stock worth $16,949,000 after purchasing an additional 532,446 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of CNH Industrial by 132.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 178,357 shares of the company’s stock worth $1,935,000 after purchasing an additional 101,499 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in CNH Industrial by 9.3% during the third quarter. Orion Porfolio Solutions LLC now owns 32,312 shares of the company’s stock valued at $351,000 after purchasing an additional 2,748 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in CNH Industrial by 14.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,492,138 shares of the company’s stock valued at $200,646,000 after purchasing an additional 2,338,847 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.