CNH Industrial N.V. (NYSE:CNH) Receives $12.88 Consensus Target Price from Brokerages

CNH Industrial N.V. (NYSE:CNH) has received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.8846.

Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. UBS Group lowered their target price on shares of CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, January 5th. Citigroup lifted their target price on shares of CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, April 13th. Barclays lifted their target price on shares of CNH Industrial from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, April 1st. Finally, iA Financial set a $13.00 target price on shares of CNH Industrial in a report on Wednesday, January 14th.

Hedge Funds Weigh In On CNH Industrial

Several large investors have recently made changes to their positions in CNH. Integrated Wealth Concepts LLC lifted its holdings in shares of CNH Industrial by 12.3% during the first quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company’s stock valued at $198,000 after purchasing an additional 1,772 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in CNH Industrial by 70.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,268,436 shares of the company’s stock worth $27,856,000 after acquiring an additional 938,035 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in CNH Industrial by 56.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,206 shares of the company’s stock worth $106,000 after acquiring an additional 2,970 shares during the last quarter. Federated Hermes Inc. raised its holdings in CNH Industrial by 29.8% in the 2nd quarter. Federated Hermes Inc. now owns 107,456 shares of the company’s stock worth $1,393,000 after acquiring an additional 24,669 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in CNH Industrial by 0.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company’s stock worth $2,344,000 after acquiring an additional 1,100 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Stock Performance

Shares of CNH opened at $10.86 on Thursday. The company has a debt-to-equity ratio of 3.44, a current ratio of 13.34 and a quick ratio of 11.36. CNH Industrial has a one year low of $9.00 and a one year high of $14.27. The company has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $10.63. The firm has a market capitalization of $13.47 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period last year, the business posted $0.15 earnings per share. CNH Industrial’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that CNH Industrial will post 0.41 EPS for the current fiscal year.

CNH Industrial Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.10 per share. This represents a dividend yield of 89.0%. The ex-dividend date is Thursday, May 21st.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.