CNH Industrial N.V. (NYSE:CNH) Stock Has Average Target Price of $13.39 According to Analysts

CNH Industrial N.V. (NYSE:CNH) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.39.

Several brokerages have commented on CNH. Citigroup raised their price objective on shares of CNH Industrial from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Evercore upgraded shares of CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Wednesday, September 2nd. Robert W. Baird raised shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Monday, August 31st. BMO Capital Markets upped their price objective on CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd.

Institutional Trading of CNH Industrial

A number of large investors have recently made changes to their positions in CNH. Mirae Asset Global Investments Co. Ltd. bought a new stake in CNH Industrial during the 3rd quarter valued at $26,000. Reyes Financial Architecture Inc. purchased a new position in shares of CNH Industrial in the third quarter worth about $41,000. Root Financial Partners LLC lifted its position in CNH Industrial by 204.4% during the first quarter. Root Financial Partners LLC now owns 5,491 shares of the company’s stock valued at $60,000 after purchasing an additional 3,687 shares during the period. Provenance Wealth Advisors LLC purchased a new stake in shares of CNH Industrial in the third quarter worth about $64,000. Finally, Covestor Ltd grew its position in CNH Industrial by 45.5% during the third quarter. Covestor Ltd now owns 5,216 shares of the company’s stock valued at $67,000 after buying an additional 1,632 shares during the period. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Price Performance

CNH stock opened at $11.56 on Monday. The firm’s 50-day moving average price is $12.55 and its two-hundred day moving average price is $11.35. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 46.26 and a beta of 1.23. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. CNH Industrial has a 12-month low of $9.00 and a 12-month high of $14.46.

CNH Industrial Company Profile

CNH Industrial is a global manufacturer of agricultural and construction equipment. Its agricultural brands include Case IH, New Holland Agriculture and STEYR, which offer products such as tractors, combines, harvesters, sprayers and hay tools. Its construction equipment brands include CASE Construction Equipment and New Holland Construction, with machinery such as excavators, loaders and graders.

The company also provides parts, equipment support and precision technology designed to help customers manage machinery and improve productivity.