CNH Industrial (NYSE:CNHI) Given “Neutral” Rating at Bank of America

CNH Industrial (NYSE:CNHI)‘s stock had its “neutral” rating reiterated by Bank of America in a report issued on Monday, MarketBeat.com reports.

Other research analysts also recently issued reports about the stock. Morgan Stanley began coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an “equal weight” rating and a $12.70 target price for the company. Truist Financial began coverage on shares of CNH Industrial in a research note on Thursday, March 14th. They issued a “buy” rating and a $18.00 target price for the company. Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. DA Davidson started coverage on shares of CNH Industrial in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price for the company. Finally, StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, CNH Industrial currently has an average rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Price Performance

CNHI opened at $11.59 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 52-week low of $9.77 and a 52-week high of $15.74. The company has a 50 day moving average of $12.37 and a two-hundred day moving average of $11.74. The company has a market cap of $14.55 billion, a P/E ratio of 6.62 and a beta of 1.65.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. CNH Industrial’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts expect that CNH Industrial will post 1.56 earnings per share for the current year.

Institutional Trading of CNH Industrial

A number of large investors have recently modified their holdings of the company. Private Advisor Group LLC increased its holdings 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 worth $155,000 after acquiring an additional 1,090 shares during the period. CWM LLC increased its stake in CNH Industrial by 20.9% during the 4th quarter. CWM LLC now owns 6,508 shares of the company’s stock valued at $79,000 after buying an additional 1,125 shares during the period. Public Sector Pension Investment Board increased its stake in CNH Industrial by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock valued at $4,458,000 after buying an additional 1,223 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in CNH Industrial by 1.9% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 71,300 shares of the company’s stock valued at $868,000 after buying an additional 1,300 shares during the period. Finally, Lindbrook Capital LLC increased its stake in CNH Industrial by 27.5% during the 4th quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock valued at $75,000 after buying an additional 1,334 shares during the period. Institutional investors and hedge funds 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.