StockNews.com Lowers CNH Industrial (NYSE:CNHI) to Sell

StockNews.com downgraded shares of CNH Industrial (NYSE:CNHI) from a hold rating to a sell rating in a research report report published on Tuesday.

Other analysts have also issued reports about the stock. TheStreet lowered shares of CNH Industrial from a b- rating to a c+ rating in a research report on Monday, December 11th. Evercore ISI raised their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the company an in-line rating in a research report on Tuesday, February 20th. Truist Financial assumed coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They set a buy rating and a $18.00 price objective on the stock. Morgan Stanley assumed coverage on shares of CNH Industrial in a research report on Monday, January 8th. They set an equal weight rating and a $12.70 price objective on the stock. Finally, The Goldman Sachs Group raised shares of CNH Industrial from a neutral rating to a buy rating and set a $19.00 price objective on the stock in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $15.20.

CNH Industrial Price Performance

NYSE:CNHI opened at $12.96 on Tuesday. The business’s 50-day moving average price is $12.19 and its 200 day moving average price is $11.74. The firm has a market cap of $16.28 billion, a P/E ratio of 7.41 and a beta of 1.64. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. 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 results on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, sell-side analysts predict that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

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

Institutional Investors Weigh In On CNH Industrial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harris Associates L P grew its stake in shares of CNH Industrial by 30.4% in the fourth quarter. Harris Associates L P now owns 160,517,694 shares of the company’s stock worth $1,955,085,000 after acquiring an additional 37,438,564 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CNH Industrial by 38.9% in the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after acquiring an additional 14,348,475 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of CNH Industrial in the fourth quarter worth $384,313,000. BlackRock Inc. boosted its stake in CNH Industrial by 410.5% during the second quarter. BlackRock Inc. now owns 20,936,974 shares of the company’s stock worth $301,492,000 after buying an additional 16,835,827 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in CNH Industrial by 33.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,128,981 shares of the company’s stock worth $245,171,000 after buying an additional 5,023,900 shares in the last quarter. Institutional investors and hedge funds 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.