CNH Industrial N.V. (NYSE:CNH) Receives $13.23 Average Price Target from Analysts

Shares of CNH Industrial N.V. (NYSE:CNH) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.2333.

Several research firms recently commented on CNH. iA Financial set a $13.00 price target on shares of CNH Industrial in a research report on Wednesday, January 14th. Oppenheimer upped their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Truist Financial set a $12.00 target price on shares of CNH Industrial in a research note on Wednesday, January 14th. Robert W. Baird raised their target price on CNH Industrial from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Finally, DA Davidson lifted their price target on CNH Industrial from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th.

Institutional Investors Weigh In On CNH Industrial

Institutional investors have recently added to or reduced their stakes in the stock. First American Bank acquired a new stake in CNH Industrial in the 3rd quarter valued at about $1,466,000. Thrivent Financial for Lutherans lifted its stake in CNH Industrial by 8.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 8,217,192 shares of the company’s stock worth $89,157,000 after purchasing an additional 672,238 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of CNH Industrial by 25.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,049,628 shares of the company’s stock worth $43,938,000 after purchasing an additional 811,419 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. grew its position in shares of CNH Industrial by 33.6% in the third quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,007,597 shares of the company’s stock valued at $21,782,000 after purchasing an additional 505,221 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of CNH Industrial by 14.8% in the third quarter. JPMorgan Chase & Co. now owns 8,328,262 shares of the company’s stock valued at $90,364,000 after purchasing an additional 1,072,138 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Stock Down 2.2%

Shares of CNH stock opened at $10.72 on Friday. The company has a current ratio of 13.34, a quick ratio of 11.36 and a debt-to-equity ratio of 3.44. CNH Industrial has a twelve month low of $9.00 and a twelve month high of $14.27. The stock has a 50 day moving average of $11.52 and a 200 day moving average of $10.63. The stock has a market cap of $13.29 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.60 and a beta of 1.24.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter last year, the company earned $0.15 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that CNH Industrial will post 0.7 EPS for the current year.

CNH Industrial Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.10 dividend. This represents a yield of 89.0%. The ex-dividend date of this dividend is Thursday, May 21st. CNH Industrial’s dividend payout ratio (DPR) is presently 25.00%.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.