JPMorgan Chase & Co. Cuts CNH Industrial (NYSE:CNHI) Price Target to $14.00

CNH Industrial (NYSE:CNHI) had its target price trimmed by JPMorgan Chase & Co. from $14.50 to $14.00 in a report released on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the company. DA Davidson started coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a neutral rating and a $13.00 price target on the stock. The Goldman Sachs Group raised CNH Industrial from a neutral rating to a buy rating and set a $19.00 price target on the stock in a report on Wednesday, January 17th. Truist Financial assumed coverage on CNH Industrial in a research note on Thursday, March 14th. They issued a buy rating and a $18.00 price target for the company. Bank of America reiterated a neutral rating on shares of CNH Industrial in a research report on Monday, April 22nd. Finally, Evercore ISI upped their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an in-line rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, CNH Industrial presently has a consensus rating of Hold and an average target price of $15.27.

CNH Industrial Trading Down 1.7 %

Shares of NYSE:CNHI opened at $11.48 on Friday. The stock has a 50 day moving average of $12.26 and a 200 day moving average of $11.72. The company has a market cap of $14.42 billion, a PE ratio of 6.71 and a beta of 1.66. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. 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 (NYSE:CNHI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The company’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, equities research analysts expect that CNH Industrial will post 1.53 EPS for the current year.

CNH Industrial Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be issued a $0.47 dividend. This is an increase from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. This represents a dividend yield of 3.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its stake in shares of CNH Industrial by 9.4% in the 4th quarter. Private Advisor Group LLC now owns 12,709 shares of the company’s stock valued at $155,000 after purchasing an additional 1,090 shares during the last quarter. CWM LLC lifted its position in 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 buying an additional 1,125 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in CNH Industrial by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock worth $4,458,000 after buying an additional 1,223 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in CNH Industrial by 1.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 71,300 shares of the company’s stock worth $868,000 after buying an additional 1,300 shares during the period. Finally, Lindbrook Capital LLC increased its position in CNH Industrial by 27.5% during the fourth quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock valued at $75,000 after acquiring an additional 1,334 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

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.