Investment analysts at Truist Financial initiated coverage on shares of CNH Industrial (NYSE:CNHI – Get Free Report) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $18.00 price target on the stock. Truist Financial’s target price indicates a potential upside of 45.99% from the stock’s previous close.
Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. raised their target price on CNH Industrial from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, December 4th. UBS Group cut their price target on CNH Industrial from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 24th. DA Davidson began coverage on CNH Industrial in a research report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target on the stock. TheStreet lowered CNH Industrial from a “b-” rating to a “c+” rating in a research report on Monday, December 11th. Finally, Robert W. Baird lifted their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.20.
Get Our Latest Research Report on CNHI
CNH Industrial Stock Performance
Shares of CNH Industrial stock opened at $12.33 on Thursday. The business has a 50-day moving average of $11.99 and a 200 day moving average of $11.81. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 7.05 and a beta of 1.64. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86.
CNH Industrial (NYSE:CNHI – Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. CNH Industrial’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. As a group, sell-side analysts forecast that CNH Industrial will post 1.56 earnings per share for the current year.
Institutional Trading of CNH Industrial
Institutional investors have recently modified their holdings of the business. SRS Capital Advisors Inc. purchased a new stake in shares of CNH Industrial in the fourth quarter valued at approximately $25,000. First Manhattan CO. LLC. purchased a new stake in CNH Industrial during the first quarter worth $38,000. Captrust Financial Advisors boosted its position in CNH Industrial by 437.9% during the second quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after purchasing an additional 2,680 shares in the last quarter. Alta Advisers Ltd purchased a new stake in CNH Industrial during the third quarter worth $40,000. Finally, EverSource Wealth Advisors LLC boosted its position in CNH Industrial by 6,664.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,585 shares of the company’s stock worth $44,000 after purchasing an additional 3,532 shares in the last quarter. 39.93% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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Source: defenseworld.net
