CNH Industrial (NYSE:CNHI) PT Lowered to $17.00

CNH Industrial (NYSE:CNHI) had its price target decreased by stock analysts at Truist Financial from $18.00 to $17.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 48.08% from the stock’s previous close.

Several other research analysts have also issued reports on CNHI. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, January 17th. Evercore ISI upped their price target on CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a research note on Friday. Morgan Stanley started coverage on shares of CNH Industrial in a report on Monday, January 8th. They set an “equal weight” rating and a $12.70 price objective for the company. Finally, Robert W. Baird increased their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial has an average rating of “Hold” and a consensus price target of $15.20.

CNH Industrial Price Performance

CNH Industrial stock opened at $11.48 on Monday. 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 has a 12-month low of $9.77 and a 12-month high of $15.74. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 6.71 and a beta of 1.66. The business’s 50-day simple moving average is $12.26 and its 200 day simple moving average is $11.72.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the company earned $0.35 EPS. CNH Industrial’s revenue was down 9.8% on a year-over-year basis. As a group, research analysts anticipate that CNH Industrial will post 1.53 earnings per share for the current year.

Institutional Trading of CNH Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in CNHI. SG Americas Securities LLC raised its holdings in shares of CNH Industrial by 193.0% in the third quarter. SG Americas Securities LLC now owns 43,584 shares of the company’s stock valued at $527,000 after purchasing an additional 28,709 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of CNH Industrial in the third quarter valued at approximately $255,000. Bank of New York Mellon Corp raised its holdings in shares of CNH Industrial by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 6,188,035 shares of the company’s stock valued at $74,875,000 after purchasing an additional 164,166 shares during the last quarter. Strs Ohio acquired a new stake in shares of CNH Industrial in the third quarter valued at approximately $1,278,000. Finally, Advisor Partners II LLC raised its holdings in shares of CNH Industrial by 14.6% in the third quarter. Advisor Partners II LLC now owns 20,219 shares of the company’s stock valued at $245,000 after purchasing an additional 2,574 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

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.