Barclays Boosts CNH Industrial (NYSE:CNH) Price Target to $12.00

CNH Industrial (NYSE:CNH) had its price target raised by investment analysts at Barclays from $11.00 to $12.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 7.89% from the stock’s current price.

Several other research firms have also issued reports on CNH. Wall Street Zen raised shares of CNH Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. DA Davidson raised their price objective on CNH Industrial from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Truist Financial set a $12.00 target price on CNH Industrial in a research report on Wednesday, January 14th. Finally, iA Financial set a $13.00 price target on CNH Industrial in a research note on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and a consensus price target of $13.30.

CNH Industrial Stock Up 1.1%

Shares of NYSE:CNH traded up $0.12 during trading on Wednesday, reaching $11.12. The stock had a trading volume of 10,040,349 shares, compared to its average volume of 15,087,728. The firm’s 50-day simple moving average is $11.51 and its 200 day simple moving average is $10.62. 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 one year low of $9.00 and a one year high of $14.27. The company has a market capitalization of $13.80 billion, a P/E ratio of 27.81, a PEG ratio of 1.56 and a beta of 1.24.

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

Hedge Funds Weigh In On CNH Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in shares of CNH Industrial in the third quarter valued at about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in CNH Industrial in the third quarter valued at approximately $29,000. Elevation Wealth Partners LLC acquired a new position in CNH Industrial in the 4th quarter worth approximately $31,000. Rothschild Investment LLC raised its position in CNH Industrial by 1,734.2% during the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock worth $32,000 after buying an additional 3,295 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in CNH Industrial during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

About CNH Industrial

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.