CNH Industrial (NYSE:CNH) Upgraded to Outperform at Evercore

CNH Industrial (NYSE:CNH) was upgraded by stock analysts at Evercore from an “in-line” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $18.00 price objective on the stock. Evercore’s price objective indicates a potential upside of 31.52% from the stock’s current price.

CNH has been the topic of several other research reports. The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $10.50 in a research note on Monday, May 11th. Truist Financial reiterated a “buy” rating and set a $15.00 price objective (down from $16.00) on shares of CNH Industrial in a research report on Tuesday, August 4th. Sanford C. Bernstein reissued a “market perform” rating on shares of CNH Industrial in a report on Tuesday, August 4th. DA Davidson restated a “neutral” rating and set a $12.00 price objective on shares of CNH Industrial in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.10.

CNH Industrial Stock Performance

Shares of NYSE:CNH traded up $1.19 during trading on Wednesday, hitting $13.69. 42,950,810 shares of the company traded hands, compared to its average volume of 15,035,896. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33. The business’s fifty day moving average is $10.86 and its 200-day moving average is $10.92. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 54.74, a PEG ratio of 2.08 and a beta of 1.17. CNH Industrial has a one year low of $9.00 and a one year high of $13.89.

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

Institutional Trading of CNH Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC bought a new position in shares of CNH Industrial in the third quarter valued at $29,000. Advisory Services Network LLC acquired a new position in shares of CNH Industrial in the 3rd quarter valued at $37,000. Rothschild Investment LLC increased its stake in CNH Industrial by 1,734.2% in the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock worth $32,000 after purchasing an additional 3,295 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in CNH Industrial by 923.2% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in CNH Industrial during the 4th quarter worth about $34,000. 59.88% of the stock is currently owned by institutional investors.

About CNH Industrial

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.