Truist Financial Trims CNH Industrial (NYSE:CNHI) Target Price to $17.00

CNH Industrial (NYSE:CNHI) had its price target lowered by Truist Financial from $18.00 to $17.00 in a report published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. Oppenheimer reaffirmed a market perform rating on shares of CNH Industrial in a report on Tuesday, April 16th. DA Davidson initiated coverage on CNH Industrial in a research report on Tuesday, January 23rd. They issued a neutral rating and a $13.00 price objective for the company. Morgan Stanley initiated coverage on CNH Industrial in a research report on Monday, January 8th. They issued an equal weight rating and a $12.70 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, Robert W. Baird lifted their price objective on CNH Industrial from $15.00 to $16.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial currently has a consensus rating of Hold and a consensus target price of $15.20.

CNH Industrial Stock Performance

Shares of CNH Industrial stock opened at $11.65 on Monday. The firm has a market capitalization of $14.64 billion, a P/E ratio of 6.81 and a beta of 1.66. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74. The firm’s 50 day moving average is $12.24 and its two-hundred day moving average is $11.72. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The company’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. Research analysts forecast that CNH Industrial will post 1.53 EPS for the current fiscal year.

CNH Industrial Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. bought a new position in CNH Industrial in the 4th quarter worth approximately $25,000. Salem Investment Counselors Inc. acquired a new stake in CNH Industrial in the 1st quarter valued at $26,000. Larson Financial Group LLC boosted its stake in CNH Industrial by 566.0% in the 1st quarter. Larson Financial Group LLC now owns 2,118 shares of the company’s stock valued at $27,000 after buying an additional 1,800 shares in the last quarter. Alta Advisers Ltd acquired a new stake in CNH Industrial in the 3rd quarter valued at $40,000. Finally, Hartford Financial Management Inc. boosted its stake in CNH Industrial by 210.0% in the 1st quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company’s stock valued at $40,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

About CNH Industrial

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.